Commentary

26 Procedure for obtaining a CVA moratorium—overview

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

26 Procedure for obtaining a CVA moratorium—overview

| Commentary

26 Procedure for obtaining a CVA moratorium—overview

If the company voluntary arrangement (‘CVA’) moratorium route is pursued the subsequent procedure for the proposal, meetings and conduct of the CVA is governed by different legislation, compared to all other CVA cases (that is to say, all cases where no CVA moratorium is applied for). However, on examination, this legislation is either in the same, or substantially the same terms as, or incorporates by reference, the ‘no moratorium’ legislation1.

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