Rent falling due pre-administration is not payable as an expense: permission to appeal granted
The High Court has this week granted a consortium of landlords permission to appeal against previous decisions that rent falling due pre-administration is not payable as an expense of the administration.
Game Group went into administration immediately after the March 2012 quarter day. The administrators did not pay the March 2012 quarter’s rent, relying on Goldacreand Luminar.
This has now been challenged by a consortium of landlords. At the Game Group hearing, the parties agreed that the Goldacre decision would have to be followed by the judge and that the matter should therefore go straight to the Court of Appeal. The judge agreed…
If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
Non-Chinese contractors are regularly encountering contracts containing arbitration clauses providing for disputes to be determined by Chinese arbitration centres.
This note provides a short summary of the two formal insolvent liquidation processes.
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem