Judgment for commercial rent arrears in case involving COVID-19 issues obtained by landlord

Judgment for commercial rent arrears in case involving COVID-19 issues obtained by landlord

The first reported judgment has now been handed down in respect of a landlord’s claim for commercial rent arrears concerning issues raised in a tenant’s defence as a result of the COVID-19 pandemic, in the case Commerz Real Investmentgesellschaft mbh v TFS Stores Limited [2021] EWHC 863 (Ch). The landlord sued for non-payment of rent …

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Rent Arrears Protection For Commercial Tenants Under Review

Rent Arrears Protection For Commercial Tenants Under Review

As the Country entered lockdown in March 2020, the Government introduced various measures in response to the COVID-19 pandemic, which gave commercial tenants a number of temporary protections to assist them during the pandemic. Including a suspension on taking possession of premises from tenants based on forfeiture for non-payment of rent, restrictions on the use …

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Wrongful Trading

The Insolvency Act of 1986 introduced wrongful trading to build on the notion of fraudulent trading. It’s a much more common offence, as it’s not a criminal act and often done unwittingly. What is wrongful trading? Wrongful trading or ‘trading irresponsibly’ is a civil offence and is covered by section 214 of the Insolvency Act …

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BANKRUPTCY

Bankruptcy Proceedings

An insolvency proceeding is a process taken when an organisation or individual are no longer able to meet their financial obligations and pay their creditors when debts are due and usually take place after less formal arrangements have failed and can be the result of bad financial management, changing market trends, heightened expenses and reduced …

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WINDING UP PROCEEDINGS

Winding Up Proceedings

An insolvency proceeding is a process taken when an organisation or individual are no longer able to meet their financial obligations and pay their creditors when debts are due and usually take place after less formal arrangements have failed and can be the result of bad financial management, changing market trends, heightened expenses and reduced …

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3 Ways to Increase Your Chances of a Successful Debt Recovery

Debt recovery doesn’t have a one-size-fits-all approach. Different businesses will have different processes and procedures, and within a single company, there will be other ways to approach individual customers. Therefore, understanding how to increase your chances of successful debt recovery can be confusing. How can you improve something when the processes can be vastly complex …

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Bounce Back Loans Scheme: What Will Happen in 2021

The Bounce Back Loans Scheme: What Will Happen in 2021

The Bounce Back Loans Scheme(BBLS): the most popular support scheme launched by the Government to assist UK businesses because of the impact of the Covid-19 pandemic. 1.4 million businesses, small to large, have taken out loans totalling over £43 billion. The loans, interest-free for the first 12 months and then low-interest for the remaining duration, …

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