Property Patter: the news so far on landlord challenges to retail CVAs
Roger Elford and Dan Moore of our Corporate Restructuring & Insolvency Team are back with Emma Humphreys to review some of the recent high-profile landlord challenges to tenant CVAs (Corporate Voluntary Arrangements), as well as looking at Virgin Active's use of the new restructuring arrangement introduced by the Corporate Insolvency and Governance Act 2020. Is the British Property Federation correct to describe it as setting a dangerous precedent?
This podcast looks at the following decisions:
- Lazari Properties 2 Limited & Ors v New Look Retailers Limited & Ors  EWHC 1209 (Ch)
- Re Regis UK Limited  EWHC 1294 (Ch)
- Re Virgin Active Holdings Ltd, Virgin Active Ltd and Virgin Active Health Clubs Ltd  EWHC 814 (Ch) (convening) and  EWHC 1246 (Ch) (sanction)