Despite assurances that there would be no further extensions to the current moratoriums, the government has announced further extensions relating to forfeiture for non-payment of rent and the service of statutory demands and winding up petitions.
Read MoreAs anticipated, the government has announced a further extension to the forfeiture moratorium to 30 June 2021. The result of this extension is that landlords cannot seek to forfeit a lease for non-payment of sums due until 1 July 2021 at the earliest
Read MoreThe government has announced a further extension to the following measures put in place to protect residential tenants:
Read MoreWe are delighted to announce that two of our partners have been ranked in the Chambers & Partners 2021 Directory, in the highly competitive London area.
Read MoreThe Legal 500 United Kingdom 2021 directory has been published and Wallace continues its success being ranked in eight practice areas, across the directory, for the London area.
Read MoreSince March 2020, the Government has introduced a number of temporary measures designed to mitigate the economic impact on businesses of the COVID-19 pandemic.
Read MoreOn 19 June 2020, the Government issued a new voluntary Code of Practice for commercial property. The Code has been developed with leaders from the retail, hospitality and property sectors to provide clarity for businesses when discussing rental payments and to encourage best practice between landlords and tenants so that all parties are supported.
Read MoreAs we fast approach the June quarter when there is likely to be further tenant default on rental payments, landlords should check whether they are entitled to recover any sums due to them from former tenants/their guarantors under the terms of an authorised guarantee agreement. There is a strict process and timescale to bear in mind.
Read MoreThe Government has announced a temporary ban on landlords of commercial properties from using statutory demands and winding up petitions for the recovery of rent.
Read MoreThe lockdown will likely lead to an increase in companies entering liquidation. The appointed liquidator might then issue a notice to “disclaim” a lease if it is unprofitable or if it can’t readily sell the property or if it will give rise to a liability to pay money or perform any other onerous act.
Read MoreThe new Coronavirus Act 2020 introduced a three month moratorium as of 26 March 2020 up to 30 June 2020 preventing landlords from exercising their right to forfeit either by proceedings or peaceable re-entry for non-payment of rent. This period may be extended.
Read MoreThe Legal 500 United Kingdom 2020 directory has been published and we are delighted that Wallace is recommended in a record number of ten practice areas in the directory, for the London area.
Read MoreEarlier this year, the High Court rejected the argument advanced by the European Medicines Agency (EMA) that the UK’s departure from the EU would constitute a ‘frustrating’ event for the purposes of their 25-year lease of commercial premises in Canary Wharf thereby releasing both parties from all further obligations.
Read MoreThe Legal 500 and the Chambers & Partners United Kingdom 2019 directories have recently been published. We are delighted that Wallace continues to be recommended in nine practice areas, across the directories, for the London area.
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