In the first epidode of On the Case - a new regular podcast series offering expert analysis of important property law decisions - Jess Harrold joins Tim Reid, senior associate at Hogan Lovells, to discuss the Court of Appeal judgment in Mundy v Trustees of Sloane Stanley Estate [2018] EWCA Civ 35; [2018] PLSCS 12.
The high-profile case involved an unsuccessful challenge to the conventional method of valuing the premiums to be paid for lease extensions and collective enfranchisements.
Tim explains the issues raised, and the Court of Appeal's decision - as well as offering his thoughts on how the complex valuation problem may be resolved going forwards.