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Herbert Smith

Financial Crisis and the downturn 2009

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Rankings at a glance
Award levelHighly commended
InnovationAn alternative to administration for JJB Sports
Originality6
Rationale6
Impact6
Total18
DescriptionHelped convince stakeholders to vote for a company voluntary agreement, resulting in a resounding 99 per cent in favour. The restructuring allowed JJB to continue trading shares and was the first successful CVA for a major company