Retailers have “weaponised” the use of CVAs, claim angry landlords

High streets task force clothing retailers

Top landlords have hit out at retailers for “weaponising” a controversial restructuring technique as part of a bid to cut costs.

The British Property Federation (BPF) warned that so-called Company Voluntary Arrangements (CVAs) are being used to rip up leases against the spirit of the law. CVAs have become increasingly popular and allow a tenant to restructure its finances and demand rent cuts if it has run out of cash.

Read the full article on The Telegraph.