Home / Restructuring & Insolvency / R&I in Scotland / Scotland: corporate insolvency

Legal News

Lexis®PSL announces variations to R3 standard form COVID-19 CVA proposal (Scotland) for administration exits and debt waivers

Copyright © 2025 LexisNexis

Published on: 05 November 2020

Published by a LexisNexis Restructuring & Insolvency expert

Table of contents

R3’s standard form for CVA proposal (Scotland)
Standard amendments to Appendix 2 (Scotland)
Other useful links

Article summary

Restructuring & Insolvency analysis: Recently, R3 launched their standard form for COVID-19 CVA proposal (CVA proposal) and accompanying coronavirus (COVID-19) standard conditions for company voluntary arrangements (CVAs) which are intended for use by Scottish small and medium-sized enterprise (SME) companies whose businesses have been affected by coronavirus. Lexis®PSL R&I is pleased to announce standard variations to Appendix 2 to deal with exit from administration and debt waiver drafted by Tim Cooper and Matthew Finnie of Addleshaw Goddard LLP.

Popular documents

Scotland: set-off in the context of insolvency

Scotland: set-off in the context of insolvencyIntroductionIn practice, the phrase ‘set off’ in Scotland is generally used as a generic term covering the operation of certain principles which allow a debtor to resist a claim for payment against them (either partially or fully) on the basis of

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a