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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 [2021] EWHC 1209 (Ch)
  • Re Regis UK Limited [2021] EWHC 1294 (Ch)
  • Re Virgin Active Holdings Ltd, Virgin Active Ltd and Virgin Active Health Clubs Ltd [2021] EWHC 814 (Ch) (convening) and [2021] EWHC 1246 (Ch) (sanction)

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If you want a reminder about the basics of CVAs, please see our previous podcast: