powered by Lexis^®PSL

LEXISNEXIS_ICONS_SUPPORT

Home / Banking & Finance / Real estate finance / The property

Legal News

Landlords fail in their attempt to force nominees to return their fees and in their bid to establish a meaningful precedent in their ongoing fight against CVAs (Re Regis UK Ltd)

Landlords fail in their attempt to force nominees to return their fees and in their bid to establish a meaningful precedent in their ongoing fight against CVAs (Re Regis UK Ltd)

Published on: 18 May 2021

Published by: LexisPSL

Landlords fail in their attempt to force nominees to return their fees and in their bid to establish a meaningful precedent in their ongoing fight against CVAs (Re Regis UK Ltd)
The background
The decision
Disclosure
Statement of Affairs/Estimated Outcome Statement
Voting
Modification of leases
75% voting discount
Treatment of critical creditors
Relief

Article summary

Restructuring & Insolvency analysis: In a judgment handed down on Monday, 17 May 2021 in Re Regis UK Ltd, Mr Justice Zacaroli revoked an already long-since terminated company voluntary arrangement (CVA), but refused to order the former nominees and supervisors of the CVA to repay their fees and dismissed all but one of the applicant landlords’ claims of unfair prejudice and/or material irregularity; thereby thwarting their primary motive to create a meaningful precedent to inhibit the future use of retail CVAs. Matthew Weaver, who acted for the respondent nominees, provides a brief overview of the judgment. Sign in or take a trial to read the full analysis.

Popular documents

Lease transactions toolkit (environmental issues)—Commercial Property Standard Enquiries and additional

Lease transactions toolkit (environmental issues)—Commercial Property Standard Enquiries and additional

Commercial Property Standard EnquiriesThe Commercial Property Standard Enquiries (CPSE) have become the industry standard pre-contract enquiries for commercial property transactions:•CPSE.1 (version 3.8) General pre-contract enquiries for all commercial property transactions•CPSE.2 (version 3.4)

Provisional sums

Provisional sums

Provisional sumsWhat are provisional sums?There is no precise standard definition of provisional sum but it is generally understood to refer to an amount inserted in a bill of quantities, or contract sum analysis, to cover certain items of work that cannot be accurately defined, detailed or valued

Indemnity costs orders—principles

Indemnity costs orders—principles

Indemnity costs orders—principlesThis Practice Note considers orders for costs determined on an indemnity basis (indemnity costs orders). A court may order that costs are assessed on an indemnity basis so that any doubt as to the costs claimed are resolved in favour of the receiving party. Compare

Nuisance—establishing a claim for private nuisance

Nuisance—establishing a claim for private nuisance

Nuisance—establishing a claim for private nuisancePrivate nuisance—what situations can give rise to a claim?Private nuisance normally involves interference with the claimant’s enjoyment of their land, usually by noise or smell or by the causing of actual physical damage to their property. In