Re London Resort Co Holdings Ltd [2024] EWHC 3287 (Ch)

Judgment has been handed down in Re London Resort Co Holdings Ltd [2024] EWHC 3287 (Ch), an interesting High Court case concerning irremediable breaches of the terms of a company voluntary arrangement (CVA) by an insolvent company and the refusal by the CVA supervisor to terminate the CVA in response to such breaches. ICC Judge Barber’s judgment provides helpful guidance about CVAs and the duties of CVA supervisors. The case is a rare example of a successful challenge to a decision/omission of a CVA supervisor under section 7(3) of the Insolvency Act 1986.

The case has been very widely reported in the news, including in The Times, The Daily Mail, The Sun, The Mirror and Metro.

Lara Kuehl acted for the successful applicant, Paramount Licensing Inc., instructed by Clintons.

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Lara Kuehl is a commercial and chancery junior specialising in high-value disputes in England and Wales and offshore. Her practice encompasses commercial litigation and arbitration, company law, restructuring and insolvency, property litigation and civil fraud.

Lara is ranked across five practice areas: Commercial Litigation, Commercial Chancery, Insolvency and Restructuring, Company and Property Litigation, in Chambers UK, Chambers Global, Legal 500 and Lexology UK Bar.

Highly regarded for her advocacy, Lara acts as lead or sole counsel in most cases, frequently appearing unled against senior juniors and KCs. She is equally experienced as junior counsel alongside senior barristers from within and outside chambers in complex domestic and international disputes.

Alongside her private practice, Lara undertakes work for the UK Government. She is a member of the Attorney General’s B Panel of Junior Counsel to the Crown, representing the Government in commercial, property, company and insolvency matters.

Before transferring to the English Bar, Lara practised as a solicitor in the London commercial disputes teams at Weil, Gotshal & Manges and McDermott Will & Emery UK LLP. From 2013 to 2015, she practised as a Cayman Islands attorney in the Dispute Resolution and Insolvency group at Maples and Calder, gaining offshore experience.