Following the pivotal decisions in the New Look and Regis CVA challenge cases, where do the findings in those cases leave retailers, landlords and insolvency practitioners?
In a series of alerts we will consider the key takeaways for landlords, the position of retailers and the impact of the findings for insolvency practitioners.
Albeit that the landlords were largely unsuccessful in their arguments in New Look and Regis, the findings did not permanently close the door on arguments of unfair prejudice regarding the treatment of landlord claims in a CVA, and our first alert looks at rent reductions and lease modifications from the landlord’s perspective.
