The government has introduced the Commercial Rent (Coronavirus) Bill in Parliament to attempt to streamline and accelerate the resolution of the billions of pounds of rent arrears that have accrued during the Covid 19...more
11/17/2021
/ Arbitration ,
Arrearages ,
Commercial Leases ,
Commercial Property Owners ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Dispute Resolution ,
Landlords ,
Moratorium ,
Pending Legislation ,
Relief Measures ,
Rent ,
Rental Property ,
UK
The Government has finally published its response to the call for evidence in relation to Covid-19 commercial rent arrears, along with a policy statement about the proposed new legislation it plans to introduce before the...more
8/13/2021
/ Arrearages ,
Commercial Leases ,
Commercial Property Owners ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Forfeiture ,
Moratorium ,
Policy Statement ,
Relief Measures ,
Rent ,
UK
The Corporate Insolvency and Governance Act 2020 was passed on 25 June 2020. The legislation has been in contemplation for a number of years, and has implemented a significant reform to the UK's restructuring and insolvency...more
10/2/2020
/ Commercial Tenants ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Corporate Insolvency and Governance (CIG) Act 2020 ,
Insolvency ,
Landlords ,
Moratorium ,
Personal Liability ,
Time Extensions ,
UK ,
Winding Up Petitions
What is proposed for business tenancies?
A section in the Coronavirus Act 2020 (the “Act”), which is the government’s emergency legislation, will stop the forfeiture of business tenancies for non-payment of rent (including...more