Landlords compromised by various retailer company voluntary arrangements

Client(s) Multiple landlords

Jones Day advised several landlords on the intended operation and effect of multiple company voluntary arrangements ("CVA") launched by various high street retailers, including the Arcadia Group, Debenhams, House of Fraser, Homebase, Mothercare and Carpetright. Our advice included the factors which influence whether a landlord decides to approve or oppose the proposals, including engaging directly with the retailer and the CVA nominees in relation to the proposals and any requisite amendments.