After much speculation the government has today announced that it will be extending protections that have been afforded to commercial tenants as a result of the COVID-19 pandemic. What are the current protections?
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Most commercial leases require the tenant to pay its rent quarterly, and invariably include a provision allowing the landlord to forfeit if that rent has been unpaid for a period of time, e.g. 7, 14 or 21 days. Outside of...more
6/25/2020
/ Arrearages ,
Commercial Leases ,
Contract Terms ,
Coronavirus/COVID-19 ,
Forfeiture ,
Landlords ,
Moratorium ,
Rent ,
Rental Property ,
Tenants ,
UK ,
Winding Up Petitions
RE: A COMPANY (INJUNCTION TO RESTRAIN PRESENTATION OF PETITION) -
The court considered an application for an injunction in light of the new Corporate Insolvency and Governance Bill 2020 (“CIGB”), which was published on 20...more
Long awaited insolvency reforms in the UK, plus the government’s COVID-19 proposals on the use of statutory demands – and much more....more