The latest news from PDT
Published: 12 Jul 2021
Read below the Latest news from gdb Member PDT!
• In a decision which will serve as a welcome relief for landlords, the County Court has refused a tenant’s request to include a clause in a business renewal lease which would reduce the rent by 50% in the event of future government imposed lockdowns. https://www.pdt.co.uk/thought-piece/court-refuses-to-impose-pandemic-clause-in-terms-of-renewal-lease
• Further Update on Claims under Share Purchase Agreements https://www.pdt.co.uk/thought-piece/further-update-on-claims-under-share-purchase-agreements
• The Government has announced yet a further 3-month extension – now through to 30 September 2021 - to the “temporary” restrictions in Schedule 10 of the Corporate Governance and Insolvency Act 2020 (“CIGA”) on issuing statutory demands and winding-up petitions. https://www.pdt.co.uk/thought-piece/no-go-with-winding-up-petitions-andndash-the-latest-suspension-to-30-september-2021
• The Court of Appeal recently considered two appeals concerning the payment of commissions by lenders, and the ruling of the Court has caused some serious fluttering in the dovecots. Hailed as providing much needed clarity to the lending industry, it has not been received warmly in some quarters. https://www.pdt.co.uk/thought-piece/commissions-andndash-the-drive-towards-transparency