CVAs: a tool for rehabilitation

In the current economic climate, recovery is at the forefront of everyone’s mind. The pressures of the pandemic continue to impact businesses across the UK and company directors, owners and their advisers will be working hard to find resilient strategies to overcome ongoing challenges.

It’s more important than ever that companies and their advisers explore every avenue to promote the rehabilitation of businesses, be that through solvent rescue, financing, or by strategic and rationalised use of insolvency regimes.

When used correctly, and in the right circumstances, a company voluntary arrangement (CVA) can be used to successfully rehabilitate fundamentally sound companies, helping to rebuild a resilient business model and realign economic interests.

On Wednesday 25 November Partners Allan Kelly, Ian Corfield and Martyn Pullin from our Restructuring Advisory team hosted a live 60-minute webinar. Leveraging their restructuring experience, our speakers explained how a CVA works, the benefits, and shared their advice on how to wield this tool for recovery.

Key topics:

• Recent developments in corporate insolvency law
• How a CVA works and when it’s appropriate
• What’s needed to deliver a successful CVA
• How CVAs are expected to evolve
• Market trends and the resurgence of a rescue culture