A family property company was selling off property and distributing capital to the family. One of the directors agreed a nil rent increase with a tenant without reference to the purchaser, prompting a claim for loss. The company was being wound up and the liquidator was prepared to accept the claim in full.
Our team investigated and, based on our knowledge of rent review arbitrations, pointed out that the assumptions on which the claim was based were flawed. As a result of our intervention, the claim was finally settled at less than 30% of the figure the liquidator had been prepared to pay.