Building on measures already introduced in the Coronavirus Act – such as the moratorium on lease termination for non-payment of rent until 30 June 2020 – the Government announced that further emergency measures will be introduced.
Statutory demands and winding up petitions issued to commercial tenants to be temporarily voided
The forthcoming Corporate Insolvency and Governance Bill will include restrictions on the use of statutory demands and winding up petitions to recover sums owed by tenants.
United Kingdom, Insolvency & Restructuring, Real Estate, Taylor Wessing, Landlord, Coronavirus, Commercial tenant
Minding the Gap
JCAM Commercial Real Estate Property XV Limited -v- Davies Haulage Limited [2017] EWCA Civ 267
Summary
The Court of Appeal has closed an important loophole benefitting tenants that are considering options for insolvency.
United Kingdom, Insolvency & Restructuring, Litigation, Real Estate, Taylor Wessing, Leasehold estate, Landlord and Tenant Act 1985 (UK), Court of Appeal of England & Wales