Company Voluntary Arrangements: BPF Engagement Checklist, Landlord Red Flags and Practical Guidance for Insolvency Practitioners

Published by a LexisNexis Restructuring & Insolvency expert

Checklists

BPF CVA red flag clauses - insolvency engagement guidance (Jan 2020)

The British Property Federation (BPF) is the trade body for the UK real estate sector and strongly urges potential promoters of a company voluntary arrangement (CVA), together with their nominees, to engage with the BPF before any CVA proposal is circulated. This dialogue enables representatives of the landlord community to pinpoint matters within a CVA that may require action, thereby helping to maximise the overall prospects of approval. Such engagement should (the BPF stresses) be in addition to—and not a replacement for—discussions with individual landlords (or groups of landlords) about issues specific to them. The Jan 2020 guidance contains a statement of best practice setting out how companies are expected to work with the BPF on prospective CVAs. A core element of that guidance is a list of what the BPF regards as the top 10 ‘red-flag’ clauses for landlords. The BPF advises landlords considering a vote on a proposed CVA to watch for these provisions and requests that insolvency practitioners assess whether they can be withdrawn before a CVA is launched...

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Web page updated on 20/05/2026

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