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.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
The European Commission has announced that it had used its fast-track settlement procedures to investigate and impose fines in respect of a parking heater cartel.
This is the second article on sustainable drainage systems (SuDS) and looks at options for maintenance.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
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…