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GAME changer for rent in administration

How apt these definitions seem now the Court of Appeal has restored what, to many, is the equitable position, overturning the High Court decisions in Goldacre (Offices) Ltd v Nortel Networks UK Ltd and Leisure (Norwich) II Ltd v Luminar Lava Ignite Ltd. In short, tenants who now continue to trade through an administration process are liable for rent accruing on a daily basis and must pay from the outset, regardless of which side of the rent quarter date the administration process starts. No more 3 month rent free periods for administrators attempting to rescue businesses.

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Moorfields appointed LPA Receivers of 6 Residential Care Homes on the south coast

Simon Thomas and Nicholas O’Reilly of leading restructuring and insolvency firm, Moorfields Corporate Recovery LLP, were appointed LPA Receivers over 6 Residential Care Homes on the South Coast on 23 January 2014.

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Moorfields Corporate Recovery wins UK Corporate Recovery Firm of the Year

Moorfields Corporate Recovery LLP are pleased to announce they have been awarded UK Corporate Recovery Firm of the Year in the 2013 Finance Awards hosted by Acquisition International Magazine.

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Moorfields Corporate Recovery announce closure of remaining Blockbuster Stores

Joint Administrators Simon Thomas and Nick O’Reilly of Moorfields Corporate Recovery LLP have issued the following statement:

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Further details on store closures announced by Moorfields Corporate Recovery

Joint Administrators Simon Thomas and Nick O’Reilly of Moorfields Corporate Recovery LLP have issued the following statement:

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