Hosted by George Sell, Editor-in-chief, IHM
[Sponsored by Watson, Farley & Williams]
The UK government has announced the extension of a forfeiture moratorium first introduced in April 2020 until 25 March 2022. The BBC reports that, during this period, retail and hospitality businesses have amassed £5bn in rental debt. This measure means that landlords will be unable to evict their commercial tenants for another 9 months for these rent arrears. Plans have also been announced for a binding arbitration scheme to resolve disputes between landlords and commercial tenants.
Discover:
Lessons learnt from how landlords and tenants have collaborated during the crisis
The nature of the deals being done between landlords and tenants
The impact of CVAs and other restructuring measure
The implications of the proposed arbitration scheme
The future outlook
Panellists:
Dev Desai, Property Litigation Partner at Watson Farley & Williams
Tony Milligan, Head of membership services, The Commercial Tenants Association
David Sheen, Public Affairs Director, UKHospitality
Robin Sheppard, President, Bespoke Hotels
