Powerhouse - still powerful?

Three years after the High Court ruled that a company voluntary arrangement in relation to Powerhouse was unfairly prejudicial to landlords, another company voluntary arrangement (CVA) has been struck down on the same grounds. Landlords of the fashion retailer Miss Sixty have successfully challenged the administrators' proposals on the grounds that they would have removed the benefit of a parent company guarantee.

Wragge & Co's experts provide further information.