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Keeping It Real Estate News and Trends in UK Real Estate, Disputes and Planning Law

Tag Archives: CVA

Posted in Real Estate News

BHS Company Voluntary Arrangement – Landlords Win on Penalties

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, the High Court in England and Wales decided yesterday. The case, in which Hogan Lovells represented the successful landlord, provides important guidance on the operation of company voluntary arrangements (CVAs),

Posted in Real Estate News

Tenant insolvency – Is there merit in a further moratorium?

The recent spate of high-profile company voluntary arrangements (CVAs), including those of BHS, Store 21 and more recently Love Coffee, The Food Retailer Group and Blue Inc, has placed this corporate rescue tool back in the spotlight. CVAs can be a useful mechanism for turning around a failing business, but it is clear that they