The landlords group have reached an agreement with the department store House of Fraser and have withdrawn their legal challenge.
Mark Fry of Begbies Traynor and Charlotte Coates of JLL, the landlords’ legal advisors, said in a statement: “Although we will not have our day in court, we are pleased with the outcome and hope that our landmark legal challenge sends a clear message to any other companies considering a CVA, on the importance of transparency and fair treatment for all creditors throughout a CVA process.”
Neither House of Fraser nor the landlords’ group have given details at this time
