Landlords fail in their attempt to force Nominees to return their fees and in their bid to establish a meaningful precedent in their ongoing fight against CVAs
In a judgment handed down on Monday 17th May 2021 in Re Regis UK Limited [2021] EWHC 1294 (Ch), Zacaroli J revoked an already long-since terminated CVA, but refused to order the former Nominees and Supervisors of the CVA to repay their fees and dismissed all but one of the applicant landlords’ claims of unfair prejudice and/or material irregularity; thereby thwarting their primary motive to create a meaningful precedent to inhibit the future use of retail CVAs.
Matthew Weaver, who acted for the Respondent Nominees, provides a brief overview of the judgment here.
You can read the full judgment here.
