Update on COVID-19 Measures: Commercial Debts and Rent Arrears
We summarise the current position on winding up petitions (used to place a company into insolvency) and commercial rent arrears.
COVID-19 property litigation update
On 16 June 2021, the government announced further extensions to the ban of forfeiture, winding up and Commercial Rent Arrears Recovery (CRAR), in respect of commercial property.
Landmark COVID-19 insurance ruling on Business Interruption policies
As a result of the COVID-19 pandemic, the government brought in restrictions to try to slow the spread of the virus, which included the mandatory closure of many businesses, including much of the hospitality industry. Given the financial losses caused by such closures, many businesses sought to claim from their business interruption insurance. However, many […]
COVID-19: Government amends and extends suspensions on possession proceedings
The Government has officially announced that the temporary suspension on most possession proceedings introduced earlier this year will be extended up to at least 23 August 2020.