MVLs: The Insolvency Service’s Review Following Novalpina

Rachael Markham of Squire Patton Boggs explains that the Insolvency Service’s post-Novalpina review suggests MVLs are generally working well, with creditors usually paid within 12 months, members receiving expected distributions and conversions to CVL remaining rare, but the pending appeal remains important for how liquidators should handle contingent or disputed debts.

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