Virgin Active are in financial difficulty. They are one of the first to use a debt restructuring option known as \u2018cram downs\u2019. The cram down mechanism, permitted under Part 26a of the Companies Act forces Virgin Active\u2019s landlords to write off or defer debts. On the 12 May 2021 The Hon. Mr Justice Snowden sanctioned Virgin Active\u2019s restructuring proposals.\u00a0 With an estimated \u00a36.5bn in rent that has built up during the pandemic, this could have far reaching consequences for landlords and tenants across all sectors. The purpose of this event is to explore the key issues and provide practical steps for interested parties.<\/p>\n
Legal Business<\/em> magazine and Davitt Jones Bould (DJB) are proud to present this exciting webinar that brought together expert in-house, private practice lawyers and leading industry figures to discuss the key issues including:<\/p>\n The 50-minute panel discussion was followed by a 10 minute Q&A session.<\/p>\n","protected":false},"excerpt":{"rendered":" Virgin Active are in financial difficulty. They are one of the first to use a debt restructuring option known as \u2018cram downs\u2019. The cram down mechanism, permitted under Part 26a of the Companies Act forces Virgin Active\u2019s landlords to write off or defer debts. On the 12 May 2021 The Hon. Mr Justice Snowden sanctioned … <\/p>\n\n