Overview

A company voluntary arrangement is one of the insolvency procedures available to companies that are in financial difficulty. The CVA procedure was introduced by Part 1 of the Insolvency Act 1986 to enable a company to agree a binding compromise or arrangement with its creditors by a relatively simple procedure and with minimum court involvement.

This briefing from Nabarro provides a short summary of a CVA and answers some frequently asked questions, including details on:

• the aim of the CVA procedure;


• proposing and overseeing the CVA;


• optional moratorium;


• the process by which a CVA is approved;


• which creditors are bound by the CVA;


• challenging the CVA;


• unfair prejudice; and


• completion or termination of the CVA.

Click 'View Briefing' to read on.