On the Case: Virgin Active and how restructuring plans differ from CVAs

In the second episode in a three-part series on recent cases involving tenant insolvencies, Julie Gattegno, partner at CMS, analyses the High Court's decision to sanction gym group Virgin Active's restructuring plan.

Gattegno explains how restructuring plans work, in what ways they differ from company voluntary arrangements and the circumstances in which they may be preferable to CVAs as a route out of insolvency.

She summarises the arguments put forward by affected landlords challenging the Regis plan, and outlines the court's key findings.