Steering Through Uncertain Seas: Creditor Solutions To Navigating COVID-19

Times are changing rapidly with the current flow of Coronavirus measures introduced to support businesses in debt and distress.

We take a look at what creditors can (and can't) do to help better protect their position.

I'm owed money. What can I do?

Certain recent government measures may impede your ability to take recovery or enforcement action at the present time. The good news is that many avenues remain available.

You cannot (in some cases):

1. Terminate a commercial leasing arrangement due to a tenant's non-payment

Applying to landlords and tenants of commercial leases who meet its criteria, the National Cabinet Mandatory Code of Conduct – SME Commercial Leasing Principles during COVID-19 (Code), amongst other things, operates to prevent landlords from terminating leases due a tenant's non-payment. This prohibition applies during the Coronavirus pandemic and subsequent recovery period, where the tenant is otherwise complying with the terms of its