The Government has announced further measures to help commercial tenants who are in arrears as a result of the Covid-19 pandemic, seemingly without much regard for the difficulties also suffered by landlords. Below we explain the latest measures and where this leaves landlords.
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European Union, United Kingdom, Company & Commercial, Insolvency & Restructuring, Real Estate, Stephenson Harwood LLP, Coronavirus, Commercial tenant
The Corporate Insolvency and Governance Bill (the "Bill") was published on 20 May 2020. The Bill introduces a new type of ‘moratorium’ whereby eligible companies can take 40 days to restructure without the threat of enforcement action from creditors.
European Union, United Kingdom, Employee Benefits & Pensions, Employment & Labor, Insolvency & Restructuring, Litigation, Stephenson Harwood LLP, House of Lords