Real Estate
CVAs
December 3rd 2020
Virtual Seminar
How they work and practical considerations for landlords
December 3rd 2020
2 - 5pm
Speakers: Elaine Petterson; Lucy McCann
Virtual Seminar
A week hasn't gone by recently without news of a company entering a CVA and most frequently, it's High Street retailers using them to change their property contracts. Some CVAs have been heralded as changing the way rent is calculated under commercial leases, but what is a CVA? Why have landlords been the worst affected? And what rights do you have as a creditor subject to a CVA?
To answer that, we’ll consider the following:
Hopefully by the end of the day you’ll be better equipped to advise your client on whether it should agree to a CVA or reject it, and what it should do if it finds itself bound by one.
The event begins at 2pm. Delegate registration is open from 1:30pm.
Elaine Petterson has over 10 years’ experience in the property industry and acts for investors, private equity firms and developers in relation to the acquisition and disposal of commercial assets and regularly provides Scots real estate support on high value cross-border portfolio acquisitions. Elaine has bought, sold and managed multiple large-scale retail assets, including shopping centres and retail parks, and also acts for landlords in relation to the leasing and asset management of office buildings and industrial estates. In addition, Elaine has extensive experience acting for insolvency practitioners and lenders in relation to distressed asset sales and providing advice on real estate issues arising as a result of insolvency.
Lucy McCann has been a member of the Corporate Restructuring and Insolvency team at Brodies since 2007. Lucy advises on all aspects of personal and corporate insolvency and obtained her Certificate of Proficiency in Insolvency in 2011. Lucy acts on behalf of a wide range of clients, including lenders, insolvency professionals, commercial creditors, directors and individuals. She is frequently called upon to advise on asset recovery, challenges of pre-insolvency transactions, directors' misfeasance and a wide range of technical insolvency issues. As a solicitor practicing in our Business Disputes and Asset Recovery team, Lucy has acted for financial institutions in relation to high profile and high value misrepresentation and contractual disputes. Lucy has extensive experience of acting for clients in both the Court of Session and Sheriff Courts. Lucy also has experience of acting on behalf of directors faced with disqualification action, including negotiation of disqualification undertakings and applying to Court on behalf of directors for permission to act as a director while disqualified.
