Insolvency Influx – the upsurge of CVAs and the impact on commercial leases

In recent times, Company Voluntary Arrangement (‘CVA’) are becoming an increasingly utilised insolvency mechanism for cash strapped companies to settle existing debts owed to their creditors (including their landlords) and perhaps most importantly, to avoid administration or liquidation. Nevertheless, despite the recent popularity of CVA’s, there is a growing lobby of concern that CVA’s are…

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