We consider in the attached article the rise of the use of Company Voluntary Arrangements (“CVAs”) by retailers in the United Kingdom who need to reduce their store portfolio in a time of declining footfall in the high street. We examine the reasons why a CVA may be a practical way to reduce rent overheads and the advantages and pitfalls of the process. This article first appeared on Lexis PSL.
Home » Too much space? Consider downsizing. Use of the CVA in UK insolvencies.