The future of CVAs – evolution or revolution? | 20 April

 

 

In this webinar, we debated key issues and challenges relating to the Company Voluntary Arrangement (CVA) framework and provided some practical guidance for landlords and tenants on how they can navigate the future.

Leading experts from Edwin Coe LLP, 3 Hare Court, FRP Advisory and CWM formed a panel to consider a variety of challenges currently facing landlords and tenants, including:

• Why do tenants find CVAs attractive?
• Why do landlords tend to dislike CVAs?
• In the early days, did tenants take advantage of the CVA framework?
• Have landlords participated in consensual discussions around CVAs?
• What challenges are facing the CVA doctrine?
• How do we navigate the future?

This webinar was jointly hosted by Edwin Coe LLP, 3 Hare Court, FRP Advisory and CWM.

Click here to watch a recording of the webinar.

Speakers

Christina Fitzgerald (Chair), Partner, Edwin Coe LLP – click here for biography

Shams Rahman, Partner, Edwin Coe LLP – click here for biography

Ian Corfield, Partner, FRP Advisory – click here for biography

Philip Reynolds, Partner, FRP Advisory – click here for biography

Tom Poole, QC, 3 Hare Court

Tom was appointed Queen’s Counsel in March 2021. 

Tom has a broad commercial and commercial chancery practice, with particular specialisms in insolvency, asset recovery, civil fraud and employment.

He has particular experience of heavy High Court trial work, having acted in several lengthy commercial chancery trials, and has considerable experience working with large teams of solicitors, professional clients and experts.

In the insolvency and restructuring field Tom is highly experienced in bringing and defending claims against directors, including claims for misfeasance/breach of duty and disqualification proceedings.

Much of Tom’s work has an international element, with clients from jurisdictions including the Caribbean, Gibraltar, Cyprus and Russia/CIS. As such, he has significant experience of conflicts of laws and offshore issues arising out of multijurisdictional claims.

Rowan Pennington-Benton, Barrister, 3 Hare Court

Rowan enjoys a busy domestic and international practice. Commercial law and insolvency are mainstay areas, in which Rowan has over 10 years’ courtroom and advisory experience.

He is regularly instructed in high value and complex commercial, insolvency, chancery and development/construction disputes. Current cases include a cross-border recognition and enforcement claim for a well-known Danish insurer in liquidation (bankruptcy), defending multi-million-pound directors’ duties claim by liquidators of Gibraltar and UK motor insurer, multi-site development fraud claim in the High Court in London (£25m) and several ongoing arbitrations under LCIA, ICC and CIMAR (construction).

Rowan is a fearless and well-respected advocate. He is an experienced trial lawyer as well as enjoying an established practice in the higher courts. Rowan has appeared in over 20 Privy Council/Supreme Court cases. 

Ben Channer, Barrister, 3 Hare Court

Ben specialises in commercial, insolvency and property law. He is an experienced advocate with clients ranging from individuals and office holders to businesses and government departments.

Ben is regularly instructed in all areas of property and insolvency law. He frequently deals with possession and forfeiture of commercial leases, issues concerning trusts of land, co-ownership and proprietary estoppel as well as breach of duty, misfeasance, under value and preference claims. He has recently written on the implications of CVAs for commercial landlords.

Scott Murdoch, Founder, CWM

Scott Murdoch is the Founding and Managing Partner of CWM, widely recognised as one of the UK’s top retail and leisure real estate advisors, with landlord clients including Chelsfield, Capco (Covent Garden), Crosstree/AEG Europe, Sellar Developments, Frogmore, Land Securities, British Land, Battersea Power Station Development Company, Nuveen and HS1 on St Pancras.

CWM are also in-house retained property managers and advisors to around 50 tenant clients and Scott has been involved in several retail restructurings, CVA’s and administrations alongside Deloitte, KPMG, FRP and A&M over the last 12 months on businesses such as Debenhams, All Saints, Pret a Manger, Ann Summers, Edinburgh Woollen Mill, Fraser Hart, Caffe Nero, Radley and New Look.

Scott is also a shareholder/Director of a number of retail, restaurant and leisure related companies including Boxpark, Post Select Investments, Melrose & Morgan, Murdock the Barber and Cromwell Place.