Insolvency and Commercial Leases: Landlords’ Rights Affirmed in New Look and Monsoon Cases

When a business becomes insolvent, all of the creditors of the business are at risk, including its landlords.  As COVID-19 continues to challenge businesses in Ireland and abroad, two recent decisions of Mr Justice McDonald in the High Court offer a timely reminder of the standards which tenants must meet when seeking to compromise their commercial lease obligations and the importance of procedural fairness for landlords affected by tenant insolvency. 

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