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Sebastian L. Busa

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Baker McKenzie’s Commercial Real Estate team has been closely monitoring the implementation of the National Code of Conduct (SME Commercial Leasing Principles) (Code) in Australia. We have previously updated you on the Code in our recent client alerts: New South Wales gives effect to the National Code of ConductVictoria gives effect to the National Code of ConductExtension of administrator relief from personal liability for rentCourt relieves administrators of personal liability for rent The Commercial Real Estate…

In summary In our previous alert we discussed how Justice Markovic in the Federal Court of Australia had granted the administrators of retailer Colette Group relief from personal liability for rent in respect of 93 stores.On 15 April 2020, Justice Markovic in the Federal Court of Australia granted orders extending the relief for the administrators for a further three weeks until 6 May 2020. The administrators also have the benefit of a direction that they are justified…