Decision follows more than a year of arbitration between hotel and freeholder
Pix Pintxos must pay landlord Millbeck Properties over 24 monthly instalments
The cinema chain lost a high-profile Court of Appeal case earlier this year
Tenant pays the price for “burying its head in the sand” over rent recovery arbitration
Newspoint (Stratford) Ltd ran up £55,000 of arrears as a result of reduced footfall during lockdowns
KX wellness club, near Sloane Square, ran up arrears of £1.8m during the pandemic
Court of Appeal’s decision leaves tenants with only three options: pay, negotiate or arbitrate
Tenants say: “We can’t even cover wages, never mind the rent.”
Details on the new bill and revised code of practice for resolving Covid-19 commercial rent debts
The BPF says agreement has been reached in 80% of cases, but £6.97bn is still owed
What the UK might learn from other jurisdictions’ approaches to implementing binding arbitration