December 6, 2022

Volume XII, Number 340

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December 05, 2022

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CVAs – a quick guide for UK landlords and other creditors when faced with a CVA proposal

There has been a significant increase in the use of CVAs, in particular in the retail and hospitality sector over the last 12 to 24 months, largely impacting landlord creditors.

A CVA proposal can often run to hundreds of pages, and understanding what it means, how it impacts creditors and whether the terms offer a fair outcome can be difficult.   Should a creditor vote in favour (or not)? Are there grounds for challenge?  Our quick guide helps identify areas to consider when contemplating the answer to those questions.

While primarily considering the position of landlord creditors, the guide sets out points which are helpful to all creditors and also corporates who might be considering a CVA and how best to structure that to avoid challenge.

© Copyright 2022 Squire Patton Boggs (US) LLPNational Law Review, Volume XI, Number 70
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About this Author

Professional Support Lawyer

Rachael Markham is the professional support lawyer providing national and global support to the Restructuring & Insolvency team.

Rachael is responsible for precedents and know-how, organising and presenting internal and external training, responding to bespoke research enquiries, drafting and editing the restructuring and insolvency blog, producing articles for journals, providing support for BD projects, marketing and pitches, and producing a weekly bulletin on technical and practical issues that affect the Restructuring & Insolvency team.

Rachael is a member of the...

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