The High Court has today given judgment in the insolvency case of Young v Nero Holdings Ltd [2021] EWHC 2600 (Ch), determining that the company voluntary arrangement ("CVA") which was on the brink of approval by creditors was not capable of challenge by an aggrieved (yet well supported) landlord, Ronald Young.

Extension of tenant protection provisions

Government intervention in the commercial landlord and tenant relationship has created significant, but time limited, restrictions upon some of the remedies available to a commercial landlord against a non-paying tenant. These restrictions are well known but the period during which they will apply has now been extended:

The Government recently announced that it plans to introduce emergency changes to current UK insolvency law to ease the pressure on businesses (and their directors) struggling as a result of the coronavirus pandemic.

The Business Secretary said that the measures will be implemented ‘at the earliest opportunity’, although with Parliament not scheduled to return from recess until 21 April 2020 we may see some delay before the measures become law.