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CVAs (Company Voluntary Arrangements) Commercial Tenants Corporate Restructuring

Hogan Lovells

Review of company voluntary arrangements (“CVAs”)

Hogan Lovells on

On 28 June 2022 the Insolvency Service published a report it had commissioned from RSM UK to assess the impact that CVAs were having on commercial landlords (the “Report”). The Report was commissioned in response to a number...more

Hogan Lovells

UK company voluntary arrangements: 10 key takeaways for property owners from government research

Hogan Lovells on

The company voluntary arrangement (CVA) is an insolvency process that has raised significant concern amongst commercial property owners in recent years about their use by tenant companies to change lease terms, write off...more

Hogan Lovells

Landlords win victory in latest CVA challenge case

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In the latest High Court decision relating to Company Voluntary Arrangements in the UK, the judge held that the Regis hairdressing group CVA should be revoked on the basis that it favoured shareholders at the expense of...more

Orrick, Herrington & Sutcliffe LLP

BHS: A CVA Unwound

The financial distress in the UK high street has brought with it a resurgence of the use of company voluntary arrangements (“CVAs”)....more

Hogan Lovells

BHS Company Voluntary Arrangement – Landlords Win on Penalties

Hogan Lovells on

The English High Court has decided that collapsed retailer British Home Stores cannot challenge its own company voluntary arrangement as an unenforceable contractual penalty and must repay rental discounts to its landlords...more

Dechert LLP

Focus on Restructuring Processes: CVAs and Liquidation in the context of Carillion

Dechert LLP on

In recent months certain restructuring processes have gained quite some notoriety in press headlines in connection with a number of UK businesses. This article provides secured lenders with a brief recap on the key points to...more

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