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Applying Prudential Assurance Co Ltd v PRG Powerhouse Ltd  EWHC 1002 (Ch),  BPIR 839, the landlord of a tenant company in administration successfully challenged the approval of the company’s Company Voluntary Arrangement. The landlord had been unfairly prejudiced by the stripping of its guarantee rights against the company’s solvent parent company.
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"This is the ultimate statement of where the law on IVAs is to be found in our great common law...