Clifford Chance
CVAs and the Struggling High Street Retailer: A New Battleground for Landlords? - 21 November 2018
21 November 2018
The Company Voluntary Arrangement ("CVA") has become an insolvency procedure of choice for companies experiencing financial distress. 2018 has already seen prominent high street brands such as Mothercare, Carpetright, New Look and House of Fraser implement CVAs in a bid for survival. Given their resurgence, this briefing note explores why CVAs have become so popular amongst high street retailers, the types of objections that landlords might make and how this may impact how landlords transact in the future.
