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

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.