Nora Wannagat
Nora became a member of Tanfield Chambers in September 2024. Prior to that, she was a member of 9 Stone Buildings, after successful completion of her pupillage there. She is developing a broad commercial and chancery practice with an emphasis on insolvency. She is frequently instructed as sole counsel, but has also acted as a junior in a substantial fraud case involving more than 25 contested hearings. She has written about one of them here: The effect of debarring orders in complex fraud cases (Re Grosvenor Property Developers Ltd (in liquidation)), Lexis PSL
Practice Area
Panel
- Case Analysis Panel
Qualified Year
- 2019
Experience
- Schlun & Elseven Rechtsanwälte (2016 - 2018)
Membership
- Chancery Bar Association
- British-German Jurists’ Association
- The Honourable Society of Gray’s Inn
Qualifications
- 2017–2018 BPTC
- 2016–2017 LLM (International Commercial Law)
- 2012–2016 BA Jurisprudence (Law with Legal Studies in Europe)
Education
- 2017–2018 University of Law (London Bloomsbury)
- 2016–2017 University College London (UCL)
- 2012–2016 University of Oxford
1 Contributions by Nora Wannagat
PRACTICE NOTES
CVA proposals: creditor claims, notice and decision procedures, voting and valuation, secured/contingent debts, majorities, and challenge/appeal (England and Wales)
The Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 set out the overarching framework for decision-making across all formal insolvency processes. Although decision procedures specifically appear in IR 2016, SI 2016/1024, Pt 15, company voluntary arrangements (CVAs) are instead covered in IR 2016, SI 2016/1024, Pt 2. For a further general guide to decision-making, see Practice Note: Voting and creditors' decision procedures.
Creditor claims
There is no express statutory definition of ‘creditor’ in the Insolvency Act 1986 (IA 1986) or IR 2016, SI 2016/1024 for the purposes of a CVA. For individual voluntary arrangements (IVAs), the expressions ‘debt’ and ‘liability’ are each defined to embrace ‘debts or liabilities which are present or future, certain or contingent or in respect of an amount which is fixed or liquidated or is capable of being ascertained by fixed rules or as a matter of opinion’, and the term ‘creditor’ is defined by reference to ‘bankruptcy debt’. In the sphere of CVAs, the word ‘creditor’ should not be construed narrowly or restrictively. As indicated below, a contingent creditor is also a creditor for these purposes. In short, the scope and nature of creditors’ claims in relation to CVAs in this practice area...
Restructuring & Insolvency
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