Episode 1: How Corporate UK will unwind the debt burden of commercial rent arrears
In episode 1 of our podcast series, we will cover how businesses will unwind the debt burden of commercial rent arrears in the UK. One of the UK Government's first Covid 19-related interventions, in order to limit the harsh effect of lockdown on businesses, was to protect tenants from action by landlords to recover rent arrears. It was apparent that at some point the problem of the accrued debt had to be tackled, and in early 2022 the Government's proposed answer to this issue, the Commercial Rent (Coronavirus) Bill is expected to be considered by Parliament. James Davison, a partner in our Restructuring team, talks to Huw Dolphin about the Bill, his own interest in sectors affected by this issue and his insights for 2022.