Isabel Marant UK Ltd v Berkeley Square Holdings Ltd.
Martin Dray has made two awards under the Commercial Rent (Coronavirus) Act 2022 in the matter of Isabel Marant UK Ltd v Berkeley Square Holdings Ltd.
The applicant tenant sought relief from payment of a £141,164.40 protected rent debt. It proposed that either (1) the whole debt be written off or (2) it be repaid by instalments over 2 years. The respondent landlord counter-proposed payment of the entire debt over 6 months.
The substantive award determines that the tenant should have to pay the debt in full but that it be given relief and allowed to repay it over 2 years.
The supplemental award confirms that the arbitration fee is to be shared equally between the parties to the arbitration.
The first award can be viewed here, and the further award here.