In our second alert in the series we consider the key takeaways for UK insolvency practitioners following the CVA challenges in New Look and Regis. Our alert considers the following:
- Nominee’s duties
- Risks to fees
- Disclosure requirements
- Discounts and formulas for calculating landlord claims for voting purposes; and
- The shape of post-pandemic CVAs
To read our first alert considering the outcome of the judgments from a landlord’s perspective click here.