• Text size      
  • Send this article to a friend
  • Print this article

Legal fight over Game loophole

The UK's leading property companies will this week challenge in court the administration of high street retailer Game, claiming a legal loophole deprived them of tens of millions of pounds in rent.

Game called in PwC as administrators just before quarterly rent was due in March 2012, and was sold to an OpCapita-led consortium a week later, enabling the new company to trade rent-free for a quarter.

A consortium of landlords including British Land, Land Securities and Hammerson will test the law in the Court of Appeal.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.