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The British Retail Consortium’s Director General has responded to Wednesday’s Queen’s speech, and in particular the proposed Groceries Adjudicator Bill, by saying that the government needs to show more restraint in respect of red tape then it did in 2011.
Making reference to the ‘one in one out’ policy for red tape legislation he pointed out that we’re still waiting for a piece of legislation to be scrapped to balance the tobacco display ban, which cost major retailers an estimated £16m to implement.
Given that the recent quarter has seen 57 retail companies entering administration (including Clinton Cards) we think the reduction of costly red tape will continue to be raised by retailers as a key issue during this financial year.
H&M is the latest retailer to confront its landlords about this ‘two tier retail market’ in an attempt to explore and negotiate more favourable terms.
View blog
Ann Summers is the latest retailer to have entered into new voluntary deals with the majority of their landlords, rather than using the CVA process.
We previously reported on the High Court decision of S Franses Ltd v The Cavendish Hotel (London) Ltd in which it was held that a landlord’s motive could not prevent it from successfully utilising ‘ground (f)’ under s30(1) of the Landlord and Tenant Act 1954 to oppose a lease renewal.
The FCA are encouraged to find that the implementation of the new rules has encouraged financial institutions to manage whistleblowing cases and concerns fairly, consistently and in a manner that protects the individual whistleblower.
Senior Associate
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