Early contingency planning can significantly reduce the shock of service provider/supplier insolvency in service/supply chains
In early November 2022, Made.com entered administration. Little over a year ago Made.com had floated with a valuation of £775 million. In mid-November 2022, Joules entered administration. Joules has 132 stores and around 1,700 employees.
United Kingdom, Insolvency & Restructuring, Projects & Procurement, Osborne Clarke, Supply chain, Insolvency
KEY POINTS
United Kingdom, Insolvency & Restructuring, Litigation, Real Estate, Osborne Clarke, Landlord, Leases, Companies Act 2006 (UK), Corporate Insolvency and Governance Act 2020
Introduction
Cayman Islands, Company & Commercial, Insolvency & Restructuring, Litigation, Ogier, Insolvency, Receivership
UK judgment is a prompt for landlords to consider all angles to maximise rent recovery in harsh economic conditions
The UK High Court has ruled in in favour of a landlord whose original tenant and guarantor were held liable for the rent accrued on a gym in Leeds despite the subsequent assignee operating under a restructuring plan.
United Kingdom, Insolvency & Restructuring, Litigation, Real Estate, Osborne Clarke, Landlord, Insolvency