Company voluntary arrangements and leases

This topic deals with company voluntary arrangements (CVAs) in the context of property insolvency.

A CVA is an agreement between a company and its creditors and is the corporate equivalent of individual voluntary arrangements (IVAs). The main benefits of CVAs include:

  1. •

    there is no need to prove insolvency, so action can be taken early at the first signs of distress

  2. •

    dissenting unsecured creditors can be crammed down if the CVA is approved by 75% in value of creditors that participate in the decision-making process on the proposal...

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