Related insights: Commercial Property

Thumbnail

COVID rent arrears and part 36 offers

03 Dec 2021
In the latest judgment in the long-running London Trocadero (2015) LLP v Picture House Cinemas Ltd litigation over COVID rent arrears, the Court has dealt with various issues arising out of the landlord's part 36 offer made to the tenant and its guarantor before proceedings were issued.

WBD advises Shell on Aberdeen office relocation

29 Nov 2021
Womble Bond Dickinson (WBD) has advised longstanding client Shell on the relocation of its HQ into Aberdeen city centre. The move is set to support the business as it continues its renewable energy transition. Shell, who had been based at the Tullos building since 1973, will move its 1,000 strong workforce to the Silver Fin building on Union Street, at the heart of Aberdeen city centre.
Thumbnail

Business Secretary Kwasi Kwarteng announces 'new laws and a code to resolve remaining COVID-19 commercial rent debts'

12 Nov 2021
The Commercial Rent (Coronavirus) Bill establishes a legally-binding arbitration process to resolve outstanding issues between commercial landlords and tenants on how to share the burden of commercial rent debts arising out of the pandemic. The legislation is, subject to Parliamentary passage, due to come into force next year with a probable target date of 25 March 2022.
Thumbnail

Another defeat for tenants in the COVID rent battle

29 Sep 2021
In its judgment in the latest COVID rent case, London Trocadero (2015) LLP v Picture House Cinemas Ltd (28 September 2021) the High Court has inflicted another defeat on tenants seeking to avoid paying rent arising during COVID lockdown periods.