000 01373cab a22002535a 4500
001 L138357
008 070531e20070526xxk f 000 0 eng d
035 _a(Sirsi) u138357
041 0 _aeng
100 1 _aBradford, Katie
245 0 2 _aA wake-up call for landlords
260 _c2007
490 _aEstates Gazette
_v(0721) 26 May 2007, 122-124(3)
520 _aReports on Prudential V Powerhouse, which considered whether tenants may reduce their landlords guarantees using a CVA. These are procedures enabling companies to reach agreements with creditors. The established principle is that companies may use CVA to alter aspects of the landlord-tenant relationship. These include rent reductions, term adjustments and compulsory surrenders. Because of this case, landlords may now need to be involved in CVA meetings. Without fighting the effects of a CVA, landlords may now lose any guarantees removed by it.
590 _aKA
650 2 4 _aPRUDENTIAL ASSURANCE CO LTD AND OTHERS V PRG POWERHOUSE LTD AND OTHERS
650 2 4 _aBURFORD MIDLAND PROPERTIES LTD V MARLEY EXTRUSIONS LTD
650 2 4 _aSEA ASSETS LTD V PERUSAHAAN PERSEROAN (PERSERO) PT PERUSAHAAN PENERBANGAN GARUDA INDONESIA
650 2 4 _aINSOLVENCY ACT 1986
651 4 _aEngland and Wales
_y1543-
690 _aPROPERTY-LANDLORD AND TENANT-TENANCIES
700 1 _aHartley, Simon
942 _n0
999 _c78840
_d78840