Debenhams CVA battle: the case in detail

Six landlords of Debenhams stores are asking the High Court to rule that the retailer’s company voluntary arrangement, approved in May by a vote of its creditors, is void or should be revoked, in a legal action being funded by Mike Ashley’s Sports Direct. The highly publicised case could have major repercussions not only for Debenhams, if its restructuring plans are forced back to the drawing board, but also for the future of controversial retail CVAs, which typically see landlords forced to accept rent reductions in order to keep stores open. The action is said to raise a number