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Landlords vs retailers: What the New Look legal case means for future of CVAs : CityAM


Landlords vs retailers: What the New Look legal case means for future of CVAs
September s CVA was New Look s second in two years (Getty Images)
New Look today defeated a legal challenge to its restructuring plan by a group of its landlords in a landmark case that experts say will clear the way for other retailers to use Company Voluntary Arrangements to combat the impact of the pandemic. 
The ruling is likely to deepen tensions between tenants and landlords, as the former is emboldened to demand rent cuts and the latter feel increasingly unfairly treated by the courts.
In September last year the high street fashion chain secured creditor approval for a CVA – it’s second in less than two years. At the time it had enough cash to survive for a further month and was facing insolvency, according to today’s High Court judgement. ....

United Kingdom , Reed Smith Katherine Campbell , Clare Kennedy , Joanna Ford , Reed Smith , Katherine Campbell , Ann Summers , Company Voluntary Arrangements , High Court , New Look , Getty Images , Cripps Pemberton , Regis United Kingdom , ஒன்றுபட்டது கிஂக்டம் , தெளிவு கெந்நெடீ , ஜொவந ஃபோர்ட் , நாணல் ஸ்மித் , க்யாதரிந் கேம்ப்பெல் , ஆண்டு கோடை காலம் , நிறுவனம் தன்னார்வ ஏற்பாடுகள் , உயர் நீதிமன்றம் , புதியது பாருங்கள் , கெட்டி படங்கள் , சிரிப்பில் பெம்பர்டன் , ரெஜிஸ் ஒன்றுபட்டது கிஂக்டம் ,

The Uber effect in construction


By Lauren Warner
2021-04-07T05:00:00+01:00
What a recent ruling on employment status could mean for the building industry
The Supreme Court has recently upheld the decisions of the Employment Tribunal, Employment Appeal Tribunal and Court of Appeal that Uber drivers are “workers” and so are entitled to various statutory rights including the right to be paid the minimum wage and holiday pay. The ramifications of this case are not limited to Uber drivers: there will be substantial knock-on effects in the broader gig economy, which can expect to be impacted in several ways. Against a background of technology disruption in the construction industry in particular, Uber may also be seen to have non-linear impacts on the sector. ....

Lauren Warner , Supreme Court , Brickworkers Ltd , Employment Tribunal , Employment Appeal Tribunal , Excel Brickworkers Ltd , Cripps Pemberton , லாரன் எச்சரிக்கை , உச்ச நீதிமன்றம் , வேலைவாய்ப்பு தீர்ப்பாயம் , வேலைவாய்ப்பு முறையீடு தீர்ப்பாயம் , சிரிப்பில் பெம்பர்டன் ,