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