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Insolvency & Restructuring

17 January 2020
Gabriel Goh Company voluntary arrangements: secured creditors' (almost) impenetrable rights

United Kingdom - Taylor Wessing

High-profile use of company voluntary arrangements (CVAs) has led to widespread media coverage and controversies. Household names such as Jamie's Italian, Prezzo, Toys R Us, Mothercare, Gourmet Burger Kitchen and more recently Debenhams are among the growing list of companies that have followed this well-trodden path, with varying degrees of success. This article briefly covers the CVA process, analyses Debenhams' recent High Court appeal and discusses the impact of CVAs on lenders.

Author: Gabriel Goh
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