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The fascinating truth about the rise of the CVA and what this means for the high street’s struggles

Author headshot imagePosted by , Partner
Contributing authors: Bharat Nahar

CVAs on the high street

As retail and restaurant brands struggle to adapt to an increasingly uncertain economic environment, Company Voluntary Arrangements (CVAs) have become more common, and more prominent in the news. But what does this even mean for retailers and landlords? Are they a vital lifeline, or are they just adding pressure to a sector that is already showing concerning signs?

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What is retention of title clause, and what does it mean for retailers?

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Contributing authors: Bharat Nahar

Basically a clause included in a sale of goods contract that where particular goods are sold on an order-by-order basis (i.e. on credit) legal title does not pass to the buyer until the goods have been paid for. The ordinary rule is otherwise that ownership transfers to the buyer upon delivery of the goods. A prudent seller will have retention of title clauses included in its terms and conditions.

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Royds Withy King strengthens Retail sector team

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royds withy king retail associate

The Retail team at Royds Withy King, whose clients include Monsoon Accessorize, Smyths Toys and Scribbler, has announced the appointment of property lawyer Amie Dee. Amie joins Royds Withy King’s London-based team from Steele Raymond LLP where she acted for …

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Customer become insolvent? Here’s how you can get your goods back

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In a competitive market, offering your goods on credit is often a commercial necessity. But what if your customer becomes insolvent before they have paid for the goods? In this scenario, you will want your goods back – and to have a realistic chance of getting them back, you need to consider your contract before supply takes place.

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Retail ‘Armageddon’ and lease renewals – to let or not to let?

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Closed store front retail

It is difficult not to notice the changing climate of the retail sector, with shop closures and empty high streets regularly making the news headlines. The style of lease negotiations between retail tenants and landlords is changing as a result, with tenants driving harder bargains, particularly when it comes to rent.

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Q1 2018 in Retail and Leisure: CVAs, spectacular collapses and what they mean for landlords

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The beginning of the year has seen a number of casualties in the retail and leisure sectors with numerous household names entering CVAs and, in the case of the retail giant Toys “R” Us, collapsing altogether. Various retailers and leisure operators are falling foul of an increasingly challenging and competitive marketplace but what are CVAs, why have there been so many, and how will landlords be affected by them?

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What does a redeveloped Westgate mean for Oxford city centre?

Author headshot imagePosted by , Senior Associate

Oxford

The redeveloped Westgate Oxford opened its doors on October 24. How will this large retail and leisure offering in the city centre with space for 125 shops, restaurants, cafes, a 5-screen cinema and a John Lewis impact the city? Commercial Property solicitor David Lane comments on Oxford’s changing shopping landscape.

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