ICAEW is sponsoring R3's academic research into CVAs to investigate why they succeed or fail and their use as a business rescue tool. The research is being carried out by the University of Wolverhampton. An important part of this research is hearing directly about R3 members' experiences of CVAs.
If you are an R3 member we would be grateful if you could take 10-15 minutes to complete the survey, which was emailed to you on 12 May.
Among other things, the survey will ask you about
- CVAs you've worked on in the last three years
- Reasons why you might not have proposed a CVA recently
- Reasons why CVA proposals aren’t approved or come to a premature end
- Reasons why CVAs succeed
- And creditor engagement with CVAs.
As ever, the more members that complete the survey, the more useful the results will be.
The research project supported by this survey will help R3 understand the current CVA landscape, consider any recommendations for reform, and will help keep policymakers and other stakeholders informed about the important work of the insolvency and restructuring profession.