In part 2 of a series of blogs we consider whether a landlord can be forced to accept a surrender of a lease and the consequences of that. This point was recently considered in the context of a scheme of arrangements where the Court concluded that a landlord cannot be forced to accept a surrender … Continue Reading
The minefield of surrenders and assignments A lease can often be the most financially draining contract a company has hanging around its neck, which can be particularly burdensome when the tenant company is already facing financial distress. Administrators are regularly faced with the task of relieving the administration estate of an onerous, costly lease and … Continue Reading
