The rules of the Game have changed for landlords and administrators

By Craig Downhill

On 24 February, the Court of Appeal gave judgment in the Gamestation case (Jervis v Pillar Denton and Others). It affects the way that rent is treated in an administration.

When the Game group of companies went into administration, one company was the tenant of hundreds of leasehold properties under which, in most cases, rent was payable in advance on the usual quarter days. 

£10m in rent became due under the leases on 25 March 2012. The group went into administration the next day. Some stores closed immediately. Others continued trading and were included in a sale of the business and assets. £3m of the March rent remained outstanding in respect of those stores that continued trading…

Click on the link below to read the rest of the Shoosmiths briefing.

Briefings from Shoosmiths

View more briefings from Shoosmiths

Analysis from The Lawyer

  • Hester: declined bonus worth almost £1m

    Pay checks

    Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future

  • high street 150

    Focus: Alternative business structures - Law and new order

    There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…

Overview

2 Colmore Square
38 Colmore Circus Queensway
Birmingham
B4 6BJ
UK
http://www.shoosmiths.co.uk

Turnover (£m): 87.00
No. of Lawyers: 373