Trinity Business & Property barrister, Fiona Todd delivered a talk at Chambers’ recent Business & Property Conference entitled:
‘Liquidators and Leases: Office Holders and Insolvent Company Property’
Fiona’s session provides an overview of how leases are dealt with when a company goes into liquidation. She explains the key considerations for liquidators deciding whether to keep or disclaim a lease, the effect of any pre-liquidation dealings with the property, and how the law balances the interests of creditors with the burdens and value of leasehold assets.
In her talk, Fiona outlines the main consequences of retaining or disclaiming a lease, including how liabilities are treated, when a lease is considered “onerous”, and the impact on landlords, guarantors, and sub-tenants. Key topics covered include:
- A Liquidator’s functions
- The interests of creditors
- A lease as a collection of rights and liabilities
- Third party interests
There is a handout that accompanies the session. If you do not have a copy and would like one, please email stevew@trinitychambers.co.uk.
This recorded seminar and its accompanying notes are made available for educational and information purposes only. The views expressed in it are those of the speaker. The contents do not constitute legal advice and should not be relied on as such. The speaker and Trinity Chambers accept no responsibility for the continuing accuracy of the contents. Contact Trinity Chambers if you have a specific legal query.