Landlords welcome landmark decision in Re Game Station

LONDON - The Court of Appeal in the case of Re Game Station1 has held that rent payable by a tenant that enters administration is a priority expense of the administration while the leasehold premises are being used for the benefit of the administration.

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Real Estate, Ropes & Gray LLP, Landlord, Leasehold estate
Authors:
Tony Horspool , Daniel Martin , Iain C.S. Morpeth , David Seymour , Paola Bahari
Location:
United Kingdom
Firm:
Ropes & Gray LLP