Administration expenses: rent of an insolvent company | Practical Law

Administration expenses: rent of an insolvent company | Practical Law

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.

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
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.