Some very sensible and commercial proposals by Morgan Garfield in this article. A really clear and well thought through piece. I hear from some insolvency practitioners that some solvent retailers are now looking at a CVA in order to remain competitive with retailers in a CVA .......
The Company Voluntary Arrangement (CVA) process has been mutated into a legal mechanism that reduce rents but otherwise leave undead businesses unfit for the challenges of the modern retail environment, writes Morgan Garfield.
https://www.egi.co.uk/news/mutated-cvas-are-creating-zombie-high-streets/
