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Commercial property

High Court decision in Debenhams CVA case offers little comfort to landlords

Company Voluntary Arrangements (CVAs) have become a popular way for struggling retailers to reduce their costs, in particular, liabilities under their leases. In this blog, Adam King looks at the recent High Court decision to reject a claim by a group of Debenhams’ landlords who challenged the legality of the retailer’s recent CVA. The decision has important and, for the most part, negative implications for landlords of retail property.

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