On the Case: The New Look CVA decision explained

LISTEN: In the first in a three-part series on high-profile retail & leisure insolvency cases, Jess Harrold is joined by Julie Gattegno, partner at CMS, to analyse the High Court’s rejection of a challenge by landlords to retail chain New Look’s company voluntary arrangement. In this 30-minute podcast, Gattegno goes into detail about how the New Look CVA operates, and why landlords complained that they were being unfairly disadvantaged. She considers each argument in detail, and explains why Mr Justice Zacaroli found against the landlords, upholding the CVA on the facts of this case. In addition, she highlights certain comments from the judge that perhaps offer a ray of hope to landlords faced with similar tenant CVAs in future. In further episodes, Gattegno will explore the judgment on Virgin Active’s restructuring plan, and the upcoming decision in respect of the Regis Salons CVA, ultimately comparing and contrasting the issues raised in each, and what the overall lessons are for landlords. Photo: Jack Dredd/REX/Shutterstock