The Globe and Mail reports in its Tuesday edition that the leases for 25 former Hudson's Bay stores will soon be returned to their landlords. The Globe's Susan Krashinsky Robertson writes that all leases were disclaimed last week, following an Ontario Superior Court ruling that blocked their forced assignment to real estate executive Weihong (Ruby) Liu. The properties will revert to the landlords' control on Nov. 27, provided there are no objections to the disclaimer, according to Franco Perugini, senior vice-president of for the former Hudson's Bay Co. ULC. After the $30-million sale of its brand names and other intellectual property to Canadian Tire, the insolvent department-store retailer recently changed its name, as a condition of that deal. A disclaimer allows a tenant of a property to cancel a lease before the end of its term. Mr. Perugini says the retailer will continue to pay rent on those spaces on a twice-monthly basis until Nov. 27. The court rejected the $69.1-million sale of leases to Ms. Liu, preventing senior creditors from recovering tens of millions from the auction. The company expected $50-million for creditors after costs, but most landlords did not bid and will reclaim the spaces without payment.