Role, powers, functions and duties of the supervisor of a company voluntary arrangement
Produced in partnership with Lexa Hilliard QC of Wilberforce Chambers
Role, powers, functions and duties of the supervisor of a company voluntary arrangement

The following Restructuring & Insolvency guidance note Produced in partnership with Lexa Hilliard QC of Wilberforce Chambers provides comprehensive and up to date legal information covering:

  • Role, powers, functions and duties of the supervisor of a company voluntary arrangement
  • Brexit impact
  • Who is the supervisor and what is the supervisor’s role in a company voluntary arrangement (CVA)?
  • The supervisor and statutory duties
  • The supervisor’s obligations under GDPR
  • The supervisor and VAT payments
  • The supervisor and the terms of the CVA
  • Enforcing the duties of the supervisor
  • The Supervisor and vacation of office

Brexit impact

As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. References to exit day in many Brexit SIs are to be read as reference to IP completion day (Implementation Period completion day, defined in clause 39 as 31 December 2020 at 11.00 pm) (unless that provision is expressly disapplied by the SI in question). For further details, see News Analysis: Brexit—impact of the Withdrawal Agreement and European Union (Withdrawal Agreement) Act 2020 for R&I lawyers and Brexit Bulletin—key updates, research tips and resources. For further details, see Practice Note: Brexit—impact on company voluntary arrangements.

We will continue to monitor developments in this respect and throughout the negotiation period and beyond. In the meantime, for further reading on the impact of Brexit and related issues facing lawyers in this area, see Practice Note: Brexit—worst case scenarios for R&I lawyers.

For updates and details of other Brexit related developments and legislation, see Practice Note: Brexit SI tracker for R&I practitioners. For access to related documents and further reading on Brexit, see: Brexit toolkit.

Who is the supervisor and what is the supervisor’s role in a company voluntary arrangement (CVA)?

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