Landmark case costs Game £3m back rent

A case has changed the law concerning the payment of rent in an insolvency situation
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An insolvency case in London is good news for landlords Vladitto

A landmark ruling in London has given landlords the right to be treated as priority creditors when a company goes into administration.  For Game Group, which went into administration the day before its quarterly rent was due, this ruling means paying £3m to big property companies including Land Securities and British Land.  BLP partner Michael Metliss, who represented  the landlords, said the decision should  bring clarity a contentious area of law.  The case may now go to the Supreme Court if Games appeals. Source: Financial Times
 

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