Case has Settled Bone of Contention ; Who's Planning What? Richard Freeman-Wallace

Summary

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LAST year I wrote an article on the case of Innovate Logistics Ltd (in administration) v Sunberry Properties Ltd, in which the Court of Appeal decided to permit a short-term licence granted by a tenant in administration to stand, despite the fact that the administrator of the tenant did not obtain the written consent of the landlord before doing so, as required by the lease.

The court heard that that the short term licence was part of a pre-pack administration agreement, which involved early agreement of the sale of the tenant's business as a going concern (not including debts).

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Extract

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Case has Settled Bone of Contention ; Who's Planning What? Richard Freeman-Wallace

Temporary occupation meant that the buyer continued to pay rent and the assets of the tenant could be in...

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