Commercial Rent (Coronavirus) Arbitration Scheme
Today has seen the announcement by CCODR that they have been appointed as an approved arbitration body on the Commercial Rent (Coronavirus)
Scheme by the Secretary of State, the Rt. Hon. Kwasi Kwarteng MP.
Hunt ADR is excited to be supporting CCODR and TalkTerms on this project.
The appointment of CCODR provides tenants and landlords with the opportunity to have their relevant disputes resolved quickly and cost effectively by our expert arbitrators.
In addition, the technology, designed for this purpose, will save parties time and money and make the whole arbitration journey much easier for all involved, including the parties themselves, lawyers, advisers and arbitrators.
In the official press statement from CCODR, Gregory Hunt, Hunt ADR Chief Executive, says
At Hunt ADR, over many years, we have accumulated a large panel of some of the most experienced arbitrators in the UK. This opportunity to work with CCODR will enable us to bring that experience to bear in this very timely Scheme. Having recently trained on the TalkTerms Engage platform, we are excited to now be using some of the most advanced technology in the industry
As members of the Federation of Small Businesses we are especially keen to see the scheme work as it can save thousands of SMEs (both tenants and landlords) from going out of business, as the scheme allows for the ring-fencing of rent arrears accrued by certain businesses (such as cafes, pubs, hotels, restaurants, and gyms) who were legally forced to close during the various lockdowns. FSB members can check out FSB guidance here.
Visit the CCODR website for more information on the scheme, fees and how to apply.