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'Viable and affordable?'—a proposal to deal with coronavirus (COVID-19) commercial rent arrears—issues for R&I lawyers

Published on: 21 December 2021
Published by: LexisPSL
  • 'Viable and affordable?'—a proposal to deal with coronavirus (COVID-19) commercial rent arrears—issues for R&I lawyers
  • Background
  • Have concerns been addressed?
  • Conclusion

Article summary

Restructuring and insolvency analysis: In the summer of 2021, up to £7.5bn of commercial rent arrears remained outstanding despite the UK government encouraging landlords and tenants to resolve disputes and publishing a code of practice. The government has now published its proposal to ringfence coronavirus (COVID-19)-related commercial rent arrears and introduce a process of binding arbitration to settle any outstanding payment disputes. We look at some of the outstanding issues for R&I lawyers. Written by Linton Bloomberg of Weil, Gotshal & Manges (London) LLP. or take a trial to read the full analysis.

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