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Headline

Halliwells' administrators seek funds to cover £200m of debts

Comment

Anonymous at 2:49 pm - administrators don't have the power is disclaim leases - only liquidators have that power. The landlords will not be in any rush to forfeit the leases unless and until they find a new tenant; if they took the leases back now the landlords would have to pick up the tab for the empty rates. I suspect that when new tenants are found the landlord will then accept a surrender of the lease from the administrator (which he does have power to do).

Posted date

15-Feb-2011

Posted time

4:10 pm

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