Case studies

Negotiation and restructuring to avoid administration

Our specialist lawyers advised tenants and guarantors of various properties in different funds on negotiations with a group of Regus companies over applications to assign and re-gear leases. This involved close liaison with other solicitors to ensure a coordinated response.

We advised on applications to assign and the refusal of consent, often in the face of threats by Regus to enter administration without payment of rents, which would have left some premises vacant. Ultimately negotiations led to the restructuring of many leases with new tenants, guarantors and different terms. This was dealt with by our real estate team.

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Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority.

Penningtons Manches Cooper LLP