International retailers may copy court route to cut rent
The two firms used the High Court process to force their landlords to abandon controversial upward-only rent reviews, which had left them struggling to pay boom-time rents with recession-era turnover.
However, while the tactic was hailed a victory for the retail sector and the 777 workers whose jobs were saved, thousands of smaller firms are being denied the option to follow suit because of delays enacting law that would allow them enter examinership in the lower courts.
