000 01140cab a2200205 4500
001 ##L133636
008 060525n2006 000 0 eng u
035 _a(Sirsi) u133636
041 0 _aeng
100 1 _aYandall, Paul
245 0 0 _aPulling out the plug
260 _c2006
490 0 _aEstates Gazette
_v(0620) 20 May 2006, 66-68(3)
520 _aExamines how retailer PowerHouse recently deprived its landlords of owed rent by using a Company Voluntary Arrangement (CVA), a form of insolvency, to close 31 of its underperforming stores. A group of affected landlords has now been given leave to take the retailer's parent company Pacific Retail Group to court to get the CVA revoked. Discusses the serious implications for the property industry if this development becomes a precedent that could according to some industry experts jeopardise every facet of the business.
590 _aIKA060606
650 2 4 _aINSOLVENCY ACT 1986
651 4 _aUnited Kingdom
_y
690 _aPROPERTY-COMMERCIAL PROPERTY-LEASEHOLD COMMERCIAL PROPERTY-COMMERCIAL LANDLORD AND TENANT-BUSINESS TENANCIES-BREACHING BUSINESS TENANCIES
942 _n0
999 _c77124
_d77124