Administration expenses: rent of an insolvent company | Practical Law
https://content.next.westlaw.com/practical-law/document/I6331061ae82f11e398db8b09b4f043e0/Administration-expenses-rent-of-an-insolvent-company?viewType=FullText&transitionType=Default&contextData=(sc.Default)
The Court of Appeal has held that an administrator or liquidator must pay as an expense the rent accruing day-to-day during any period in which the insolvent company occupies leasehold premises for the benefit of the insolvency process.
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Administration expenses: rent of an insolvent company
Practical Law UK Articles 6-561-9022
(Approx. 3 pages)
Administration expenses: rent of an insolvent company
by Clifford Chance LLP and Practical Law Restructuring and Insolvency
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Published on 27 Mar 2014
The Court of Appeal has held that an administrator or liquidator must pay as an expense the rent accruing day-to-day during any period in which the insolvent company occupies leasehold premises for the benefit of the insolvency process.