Page 35 - Virgin Active News Today

How to get a Covid-19 vaccine in South Africa as a Discovery member Subscribe Discovery chief executive Adrian Gore says that his company is working alongside the government to provide Covid-19 vaccinations to South Africans. In an emailed letter sent to clients, Gore said that approximately 700,000 healthcare workers still need to be vaccinated in the initial stage of phase 2 of the programme which starts on Monday (17 May). Gore said that vaccine deliveries have been underway to 87 approved v...

UK number of landlords voted against Virgin Active Restructuring Plan and not all plan classes achieved the 75% in value required for creditor approval. The objecting landlords stood not only to have debt owed to them written off, but to accept much reduced or no rent going forward

He confirmed that all 87 vaccination sites had begun administering Covid-19 vaccines by 11am on 17 May. The daily number of doses administered will increase as the week goes on, he said. About 200 sites will be active by the end of the week. South African Health Minister Zweli Mkhize in Johannesburg on 17 May 2021 during the first day of Covid-19 vaccinations for the over-60 population of the country. (Photo: EPA-EFE / Kim Ludbrook) Mkhize was visiting the Munsieville Care Centre for the Aged w...

/PRNewswire/ -- Clubessential Holdings, the leading provider of enterprise-membership and club-management software solutions to the private- and public-clubs,...

Virgin Active lives to fight another day after a court gave the green light to a controversial £70 million restructuring of its British clubs.The company had drawn up contingency plans to appoint

This week’s BIG move: Desmond & Leah Tutu Legacy Foundation launch inspiring TutuTalks series Samantha Mkandhla Discover how social entrepreneur Samantha Mkandhla learned to overcome the personal cost of servant leadership and still work to make the world a better place. She was the subject of the first in the Desmond & Leah Tutu Legacy Foundation’s 2021 TutuTalks series, launched this week. Mkandhla, who founded the award-winning social justice and advocacy platform Lady Liberty SA in 201...

Judgment in Lazari Properties Limited v New Look Retailers Limited. The New Look landlords argued that CVAs had gone far beyond the use for which they had been intended and sought to challenge the jurisdictional basis upon which some CVAs are implemented.

By Owen Sanderson, Silas Brown 06.00 PM The UKs High Court delivered a ringing endorsement of the countrys new restructuring regime this week in a landmark ruling on gym chain Virgin Active, showing that companies have a new route other than CVAs to cut their debts to landlords. Silas Brown and Owen Sanderson report. Two high profile restructuring cases came before the courts this week, but under different circumstances.On Tuesday, ailing fashion retailer New Look defended itself against a chal...

By Owen Sanderson, Silas Brown 11.00 AM UK courts have endorsed gym chain Virgin Active’s restructuring plan, a precedent-setting move which shows that the UK’s new restructuring law with its ‘cross-class cramdown’ feature can be used instead of a CVA to cut debts to landlords. Some claim it represents a further attack on already-struggling landlords, but others argue than having all creditors share the pain at the outset should mean better recoveries if other chains follow this approac...

High Court gives Virgin Active CVA green light in further blow for landlords Landlords have lost their legal challenge against Virgin Active’s restructuring plan, in the second high profile defeat for commercial property owners this week. Today’s High Court judgement will come as a further blow to landlords hoping to challenge tenants over Company Voluntary Arrangements.  It comes after the court gave New Look the green light to press ahead with its restructuring plan earl...