| 000 | 01946cab a22002175a 4500 | ||
|---|---|---|---|
| 001 | L146677 | ||
| 008 | 090213e20081118xxk f v 000 0 eng d | ||
| 035 | _a(Sirsi) u146677 | ||
| 041 | 0 | _aeng | |
| 245 | 0 | 0 |
_aInnovate Logistics Ltd (In Administration) v Sunberry Properties Ltd _h[electronic resource] |
| 260 | _c2008 | ||
| 520 | _a [2008] EWCA Civ 1321, 18 November 2008. Case shows that the interests of creditors of an insolvent tenant may take precedence over those of a landlord. An appellant company (R) in administration, appealed against a prior decision giving R's landlord (S) permission to commence legal proceedings seeking an order to terminate an occupational license granted by R to another company (Y). Y had bought R's business from the administrators as a going concern and was the lessee of food storage premises for six months so that it could continue trading. The administrators passed on rent payments by Y to S. S argued that the license breached the lease and sought to evict the occupier. Held: appeal allowed. The Court of Appeal refused permission for the proposed eviction. It ruled that Y could continue to trade at the premises, allowing creditors to recover debts, as long as S continued to receive its rent. The Court considered that the administration benefitted S by securing rent. The original judge ought to have carried out the balancing exercise required by authority between the interests of S and those of the other creditors and considered if the application was equitable. Atlantic Computer Systems Plc, Re applied. | ||
| 590 | _aKA | ||
| 650 | 2 | 4 | _aATLANTIC COMPUTER SYSTEMS PLC, RE |
| 650 | 2 | 4 | _aINSOLVENCY ACT 1986 |
| 651 | 4 |
_aEngland and Wales _y1543- |
|
| 690 | _aMANAGEMENT-CORPORATE RECOVERY | ||
| 690 | _aPROPERTY-LEASEHOLD PROPERTY-LANDLORD AND TENANT-TENANCIES | ||
| 856 | 4 | 0 |
_uhttps://www.bailii.org/ew/cases/EWCA/Civ/2008/1321.html _zView the report at www.bailii.org... |
| 942 | _n0 | ||
| 999 |
_c81239 _d81239 |
||