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2018: The year of the CVA

2018 has seen a wave of company voluntary arrangements ("CVAs") hit the market, with high profile companies such as House of Fraser, Carpetright, New Look and Homebase (to name a few) all making use of this restructuring tool. This briefing note explains how a CVA works, provides an overview of current "market" themes, and makes some predictions on the future of CVAs.

EVOLUTION OF THE CVA

United Kingdom, Banking, Company & Commercial, Insolvency & Restructuring, Travers Smith LLP, Shareholder, Retail, Unsecured debt, Landlord, Liquidation, Insolvency Act 1986 (UK)
2018: The year of the CVA

2018 has seen a wave of company voluntary arrangements ("CVAs") hit the market, with high profile companies such as House of Fraser, Carpetright, New Look and Homebase (to name a few) all making use of this restructuring tool. This briefing note explains how a CVA works, provides an overview of current "market" themes, and makes some predictions on the future of CVAs

EVOLUTION OF THE CVA

United Kingdom, Banking, Insolvency & Restructuring, Travers Smith LLP, Shareholder, Unsecured debt, Landlord, Insolvency Act 1986 (UK)
Supreme Court confirms fiduciary duties can persist post-liquidation: MBI International v AI Jaber
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Stevens & Bolton LLP, Artificial intelligence