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John Zeno Souglides v (1) Thomas Cunningham Tweedie (2) John Matheson Tweedie [2012] EWHC 561 (Ch)

DATE: 12 Mar 2012

Chancery Division holds that an option granting a sub-lessee the right to an extension lease for a term of 60 years was capable of being assigned to a building society by way of mortgage and that Parliament did not intend the Perpetuities and Accumulations Act 1964 s.9(1) to prevent an option being assigned by way of mortgage to a chargee of the relevant lease.