Who Pays the Business Rates When a Company Enters a CVA?

Rachael Markham and Charlotte Møller of Squire Patton Boggs examine a High Court decision clarifying that a company subject to a CVA remains the “owner” for the purposes of unoccupied business rates, even where the CVA provides for it to “exit” and relinquish occupation of leasehold premises, meaning liability for empty rates continues to sit with the tenant company unless and until a surrender or termination is actually effected.

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