Administrators: Are you sitting comfortably?

Charles Russell Speechlys LLP | Property Law Journal | December 2015/January 2016 #337
David Marsden assesses a recent High Court case concerning financial prejudice suffered by administrators and forfeiture ‘Even if some prejudice is suffered by the administrators, it may not be enough to impede the purpose of the administration.’ The recent case of Lazari Investments Ltd v Saville [2015] states for the first time that financial prejudice …

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Administration Issues: A bloom-ing marvellous decision?

Cripps | Property Law Journal | November 2013 #316
Rebecca Nash explains the background to the recent decision in Bloom and what it means for landlords ‘Before Goldacre, the law seemed quite easy to understand and apply. Many commentators felt it was also fair to both landlords and tenants.’ The Supreme Court’s decision in Bloom v The Pensions Regulator [2013], better known as Nortel …

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Tenant In Administration: Time to sit tight

Brabners LLP | Property Law Journal | February 2013 #304
Landlords should not act too hastily when dealing with tenants in administration. Rachel Watkin explains why While more companies go into administration, we must give some thought to the landlords who are increasingly finding themselves in difficulties. The word ‘administration’ used to mean ‘paperwork’. If someone was an administrator, it would be assumed that they …

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Landlord And Tenant Update: Lease renewal in troubled times

Hogan Lovells | Property Law Journal | November 2011 #279
Paul Tonkin considers three recent cases involving the 1954 Act and its mechanics ‘The administrators refused consent to continue the proceedings on the basis that they needed six to 12 months in which to put together a viable scheme to redevelop the premises so as to make out the ground of opposition. Spring applied to …

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