questionText: To ask the Secretary of State for Business and Trade, what steps she is taking to prevent solvent companies from using Company Voluntary Arrangements to avoid meeting their (a) redundancy and (b) notice period obligations.
answerText: Company Voluntary Arrangements (“CVAs”) are a restructuring process for insolvent or contingently insolvent companies. To be eligible, a company must meet the insolvent test as assessed by an insolvency practitioner and the CVA must be agreed by a majorit...
heading: Company Voluntary Arrangements