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

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