CVA Legal Challenge

The judgement handed down by Justice Anthony Zacaroli in the New Look case has dealt a serious blow for landlords.

Four landlords brought the challenge arguing that the proposed CVA was in effect re-writing existing lease agreements. Mark Phillips, Director of SKSi says:

“This is yet another blow for commercial landlords, who have long felt disadvantaged in the insolvency regime. It emphasises that Landlords need to be engaging with tenants on a more regular basis and to take heed of any warning signs of tenant’s financial status. Here at SKSi we champion the position of the commercial landlords and I would encourage landlords to contact us as soon as there are warning signs as doing nothing clearly disadvantages their position.”

Have you  been impacted? Mark Phillips would like to talk to you; This email address is being protected from spambots. You need JavaScript enabled to view it..