Payments are now due for many of the first adopters of the UK Government’s Bounce Back Loans, launched in May last year.
A recent decision of the High Court in England will be of interest to landlords and tenants of commercial premises which have been subject to closure during the COVID-19 lockdown.
O’Flaherty’s (Nassau Street) Limited v Setanta Centre Unlimited Company
The application of the 2010 Act makes it much easier for a Third Party to pursue a claim against Insurers if the Insured becomes insolvent.
In the case of Multiplex Construction Europe Ltd v Bathgate Realisations Civil Engineering Ltd and others, the Technology and Construction Court in England had to consider whether an independent professional consultant, which was appointed by a sub-contractor, owed a duty of care to the main contractor
The lack of professional drafting advice has forced the courts to make sense of a contract to avoid “commercial nonsense”.
Finance Minister Conor Murphy has today extended emergency protection for business tenants having difficulty paying rent on commercial leases as a result of the pandemic until March 2022