Landlord fights back against "Guarantee-Stripping" in CVA - a Restructuring Perspective

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Richard Baines of Druces LLP gives a restructuring perspective on the Judgment in Mourant & Co Trustees Ltd v Sixty UK Ltd handed down on Friday 23 July 2010. The article looks at how Company Voluntary Arrangements can be structured so as to avoid the pitfalls suffered by the Administrators of Sixty UK in trying to strip its landlord of a parent company guarantee.

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