Throughout the current pandemic, there have been remedies available to commercial landlords in relation to unpaid rent arrears and other tenant breaches - though the introduction of the Corporate Insolvency and Governance Act 2020 had a significant impact on
United Kingdom, Insolvency & Restructuring, Real Estate, Penningtons Manches Cooper LLP, Coronavirus
The true effects of the events of the last few days have yet to be seen. With the mainstream political parties acting like participants in a ‘Compose a Greek Tragedy’ competition, a government unlikely to exercise any meaningful executive functions until autumn (at least), the currency and financial markets in turmoil and the future uncertain on a range of factors, it is tempting to succumb to a condition of inaction whilst waiting to see how the cards fall.
European Union, United Kingdom, Banking, Company & Commercial, Construction, Insolvency & Restructuring, Projects & Procurement, Trade & Customs, Clyde & Co LLP