- Latest retail CVA technology: foreign leases, business rates and turnover rents in focus
- 1. Business Rates
- 2. Cross-border CVA
- 3. Turnover Rents
Mini-summary: Elaine Nolan, Kate Stephenson and Kon Asimacopoulos, partners at Kirkland & Ellis International LLP, consider the recent Paperchase and Homebase CVAs which broke new ground in compromising business rate liabilities and lease liabilities for certain non-UK properties. In addition, they look at Paperchase’s move to turnover rents under the terms of the CVA.
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