MVL Research

A recent High Court decision in NOAL SCSp & Ors v Novalpina Capital LLP & Ors [2025] EWHC 1392 (Ch)1 interpreted the law governing members' voluntary liquidations (MVLs) to mean that all creditors (and interest) must be paid in full within 12 months of the commencement of the liquidation procedure. There is currently limited data and research evidence available on MVLs. The Authority is therefore commissioning a one-off research project for two primary purposes. Firstly, to better understand the potential impact of this ruling. Secondly to explore and understand the MVL landscape more generally, with particular focus on metrics around efficiency and effectiveness.