Following the liquidation of BHS Ltd, the High Court was asked to consider whether a landlord could claim full rent as an administration expense following termination of the CVA.
Background
Wright and another (Liquidators of SHB Realisations Ltd) v The Prudential Assurance Company Ltd concerned three principal insolvency processes applicable to companies under the Insolvency Act 1986:
In May of 2010, we reported on the decision of the British Columbia Court of Appeal in Ted Leroy Trucking v. Century Services Inc. In that decision, the Court of Appeal upheld a decision of the B.C.
Canada, British Columbia, Employment & Labor, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP, Wage, Bankruptcy, Remand (court procedure), Secured creditor, Bankruptcy and Insolvency Act 1985 (Canada), Supreme Court of the United States, Court of Appeal of England & Wales, Supreme Court of Canada