BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
BUSINESS LIST (CH)
Rolls Building, Fetter Lane, London EC4A 1NL |
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B e f o r e :
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(1) Abner Solland (2) Grazyna Solland |
Claimants |
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- and - |
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(1) Michael Watkins (2) The Estate of Michael Vivian Shine |
Defendants |
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Jonathan Cohen QC (instructed by PCB Byrne LLP) for the Second Defendant
The First Defendant did not attend and was not represented
Hearing date: 24 August 2021
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Crown Copyright ©
Deputy Master Bowles:
'Abner Solland and Grazyna Solland hereby covenant with Michael Vivian Shone that they shall at all times hold harmless and keep fully indemnified the Shine Indemnified Persons in respect of all liabilities, actions, proceedings, claims, demands, taxes and duties and all associated interests, penalties and costs and all other costs and expenses whatsoever for or in respect of which the Shine Indemnified Persons may be (or may be alleged to be) or become liable in respect of the Company and/or the Sale Shares and/or the Property (as defined in the SPA) arising following the Completion Date (as defined in the SPA) in respect of the period after the Completion Date.'
'Each party (inclusive of any companies owned or controlled by them) hereby agrees that subject to Completion and the provisions set out in the SPA, they waive all claims whatsoever against the other Parties and the Shine Indemnified Persons and the Solland Indemnified Persons in respect of the property situated at 22 Upper Grosvenor Street …and anything whatsoever related directly or indirectly to the redevelopment of the said property and its fixtures fittings and contents'.