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Clifford Chance

Clifford Chance


Covid-19 Commercial rent arrears arbitration Scheme

6 December 2021

The voluntary Code of Practice for commercial property relationships following the Covid-19 pandemic and draft legislation for the new legally binding Covid-19 Commercial Rent Arrears Arbitration Scheme have been published by the UK Government to address an estimated £7.5bn of commercial rent arrears. In this briefing we set out the key details and takeaways of both the updated Code and proposed new arbitration regime.

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