Future Deployment and Comparison to the Restructuring Plan

Abstract This chapter explicates CVA's future development and its comparison to the restructuring plans under Part 26A of the Companies Act 2006. Across Europe, debtors use numerous variety of structures such as bank loans and debt securities. The chapter primarily focuses on common financing, liability structures, CVA features, a case study, and the future deployment of processes in a restructuring context. The key differences between CVAs and restructuring plans are the eligibility of companies, people bound by the agreements, voting, class composition, fairness, and process. However, CVAs are expected to continue to play an instrumental role as either standalone restructuring tools or restructuring non-financial liabilities of debtors.