Cosmichome Ltd v Southampton City Council [2013] EWHC 1378 (Ch); [2013] WLR (D) 207
“Section 9(2) of the Perpetuities and Accumulations Act 1964 had no application to a right of pre-emption, so long as it had not matured into an option.”
WLR Daily, 23rd May 2013
Source: www.iclr.co.uk
Souglides v Tweedie and another [2012] EWCA Civ 1546; [2012] WLR (D) 367
“The reference in section 9(1)(a) of the Perpetuities and Accumulations Act 1964 to ‘successors in title’ referred to successors in title to the lease to which the interest being conferred by the option was reversionary. Accordingly, the successor had to be a successor to the original lessee in respect of the same title, namely that lease.”
WLR Daily, 4th December 2012
Source: www.iclr.co.uk
Souglides v Tweedie and another [2012] EWHC 561 (Ch); [2012] WLR (D) 74
“An interest carved out of a superior leasehold or freehold interest could constitute ‘an interest reversionary (whether directly or indirectly)’ on the term of a lease for the purpose of section 9(1) of the Perpetuities and Accumulations Act 1964. Accordingly, an option for a lease extension fell within section 9(1) and so was exempt from the rule against perpetuities.”
WLR Daily, 12th March 2012
Source: www.iclr.co.uk
“Leaving property in trust for future generations will be modernised and simplified by the Perpetuities and Accumulations Act 2009.”
Ministry of Justice, 7th January 2010
Source: www.justice.gov.uk
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