Overview

The High Court has delivered judgment in the lengthy drawn out court battle in relation to the Miss Sixty company voluntary arrangement (CVA). It is good news for landlords.

The much publicised proceedings were brought by Mourant & Co Trustees, the landlord of Metquarter Shopping Centre in Liverpool. Mourant & Co Trustees had granted the owner of fashion chains Miss Sixty and Energie ten-year leases of two substantial stores at the Shopping Centre both of which had been guaranteed by the Italian parent company, Sixty SpA.

The main issue was whether Sixty SpA could obtain a release from its guarantees by providing for their release under the terms of the CVA.

To read more of this Norton Rose report, click 'View Briefing'.