Debenhams CVA Challenge: Landlord’s Objections
In an article in PLC Magazine Lance Ashworth QC and Matthew Morrison discussed recent developments in retail CVAs in anticipation of the judgment of Norris J in the challenge to the Debenhams CVA initiated by certain of its landlords. The judgment was handed down on 23 September 2019. Lance and Matthew have updated their article with a summary of the key points from the decision. The case was noteworthy both because it is one of the few CVA challenges to go all the way through to a final hearing, and because the costs of the landlords’ challenge were funded by Sports Direct plc, the owner of House of Fraser, one of Debenham's key competitors.
The Judgment of Norris J can be viewed here.
To read Lance and Matthew's updated article for PLC Magazine, please click here.