Good news for commercial landlords as High Court rules that some company voluntary arrangements are unfair.

A recent high profile court case has given many commercial property owners and managers a feeling that justice has been done. Landlords have long complained that company voluntary arrangements and pre-pack agreements are becoming a refinancing tool rather than a last resort. Retailers in particular have been accused by some in the property sector of using this type of legislation to circum vent lease agreements and pass some of their problems on to landlords. Some administrators have been accused of losing their sense of fail play over the use of company voluntary agreements and pre-pack companies. This recent court ruling will at least set some clearer frame work for retailers and landlords who find themselves in these unfortunate circumstances.