The Court based its decision on the clear policy implications of the yet-to-be-enacted Corporate Insolvency and Governance Bill.

The COVID-19 pandemic has had a debilitating impact on companies and particularly commercial tenants in the UK, especially in the retail and hospitality industries. With stores and premises closed, these businesses have suffered and continue to suffer. Many commercial tenants have sought rent and service charge deferrals and have successfully worked with their landlords and suppliers to weather the pandemic.