Russian Supreme Court Rules Lessor Could Not Withdraw Consent to Property Sublease
View Client Update
Key takeaways
-
The Russian Supreme Court has considered a significant issue for the commercial real estate lease market—whether the lessor may unilaterally withdraw its consent to sublease of property by the lessee.
-
The Supreme Court expressly ruled that the lessor’s consent to sublease of property by the lessee in the lease agreement may not be withdrawn by the lessor unilaterally.
-
The decision is expected to influence negotiation of lease agreements, and participants should provide greater detail on conditions to subleasing, form of consent and amendment of the relevant provisions.