Company voluntary arrangement
Houst’s UK restructuring plan: the shape of things to come for distressed SMEs?
McDermott Will & Emery partner Mark Fine and senior associate Nick Jupp discuss property manager Houst’s UK restructuring plan and say it may pave the way for more SMEs to use the new tool instead of company voluntary arrangements or administrations.
25 August 2022
Book review: Company Voluntary Arrangements - Law and Practice
Alvarez & Marsal’s European restructuring leader Richard Fleming describes how a new book about company voluntary arrangements, edited by Kirkland & Ellis partner Elaine Nolan and South Square’s Tom Smith QC, fills a significant gap in the market and will provide an excellent resource for a range of professionals – from lawyers to property agents.
11 March 2022
New Look landlords’ CVA “test case” settled on eve of appeal hearing
Landlords bringing a “test case” against UK fashion retailer New Look on the scope of company voluntary arrangements, have settled it just hours before a two-day hearing at the English Court of Appeal.
01 March 2022
Steinhoff's global settlement approved
South African retail conglomerate Steinhoff can begin to finally make payments to investors that lost out when its share price collapsed in 2017, after a court in Cape Town sanctioned its former holding company’s scheme.
24 January 2022
Heads-Up: Andrew Wilkinson and Neil Devaney at Weil in London
Featured in Heads-Up
Weil Gotshal & Manges’ London restructuring co-heads Andrew Wilkinson and Neil Devaney tell GRR why restructuring skills will have to develop to address environmental issues in future, and why a move from CVAs to Part 26A restructuring plans is desirable.
14 January 2022
Carillion directors claim disqualification proceeding is “oppressive”
Non-executive directors of collapsed construction company Carillion have told an English court that disqualification claims brought against them are “oppressive” and evidence submitted by the UK government is “ill-founded”.
30 November 2021
Norton Rose partner joins Ashurst in Sydney
Ashurst has recruited a partner from Norton Rose Fulbright in Sydney, who has experience advising on the restructurings of mining company Arrium and swimwear brand Seafolly.
29 November 2021
Caffè Nero CVA challenge rejected
An English court has rejected all allegations of material irregularity and unfair prejudice brought by a landlord against UK coffee chain Caffè Nero’s company voluntary arrangement, in a decision that exposes a gap in the rules on UK electronic voting procedures.
29 September 2021
Former administrators avert £19 million misfeasance claims
A pair of Deloitte-turned-Teneo partners have defeated misfeasance claims arising out of the administration of a storage group more than six years ago, after an English judge struck them out and partially dismissed breach of duty claims against Clyde & Co.
24 September 2021
Nortel’s main French arm to end English administration
The largest French arm of Nortel Networks is set to terminate its “unique” 12-year English administration, eight months after a court in Versailles closed its secondary liquidation.
20 September 2021