Property update — November–December 2013: Re Game Station
A date has been set for the appeal, by a group of landlords, in relation to unpaid rent following the collapse into administration of the Game group of companies last year.
On 26 March 2012, administrators were appointed in relation to Games Station Ltd, as well as various other Game group companies, including the parent company plc. Games Station, and the other Game companies, occupied hundreds of shops (and a number of other premises) as tenant.
When a tenant company goes into administration, its landlord can be left in a very difficult position: a statutory moratorium kicks in, meaning that the landlord is limited in its ability to take action if rent is not paid, or if other terms of the lease are breached by the tenant…
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Wragge Lawrence Graham & Co’s dedicated insolvency litigation team brings you its monthly update on the issues affecting the insolvency and fraud investigation industry.