Brokers Say Law Firm Can't Escape Blame For Lease Woes
Law360, London (May 15, 2019, 6:20 PM BST) -- Insurance brokers seeking money from a law firm for allegedly fumbling a break clause in a property lease have told a London judge they're having a hard time finding tenants to take over their space because the market for secondhand offices in London is cold.
Commercial tenants are demanding freshly built spaces, creating a glut of secondhand office spaces in the city, Integro Insurance Brokers Ltd. and its London-based subsidiary, Robertson Taylor Insurance Brokers Ltd., said in a May 10 filing with the High Court in London.
The brokers signed a 10-year lease in March 2013 that contained a breakout clause allow the brokers...
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