CVAs and guarantee stripping "Son of Powerhouse" defeated
Language: English Series: Hogan Lovells Real Estate Quarterly ; Autumn 2010, 2-3(2)Publication details: 2010Subject(s): Online resources: Summary: Mourant & Co Trustees Limited v Sixty UK Limited (see L151150) saw the revocation of the defendant's company voluntary arrangement (CVA) and pointed to the end of so-called guarantee stripping. Considers the nature of CVAs, their popularity and recent use and their relationship to guarantee stripping. Examines the Mourant decision which has been nicknamed "Son of Powerhous" in detail. Considers in the light of Mourant the government's consultation on a proposed business restructuring moratorium and concludes that it is unlikely to get on to the statute books, leaving CVAs more popular than other insolvency processes.| Item type | Current library | Call number | Status | Barcode | |
|---|---|---|---|---|---|
| Journal article | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | Available | 151315-2001 |
Mourant & Co Trustees Limited v Sixty UK Limited (see L151150) saw the revocation of the defendant's company voluntary arrangement (CVA) and pointed to the end of so-called guarantee stripping. Considers the nature of CVAs, their popularity and recent use and their relationship to guarantee stripping. Examines the Mourant decision which has been nicknamed "Son of Powerhous" in detail. Considers in the light of Mourant the government's consultation on a proposed business restructuring moratorium and concludes that it is unlikely to get on to the statute books, leaving CVAs more popular than other insolvency processes.