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Raising the bar: Virgin Active restructuring plans sanctioned in landmark decision | Hogan Lovells
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Sanctioned: Virgin Active s Restructuring Plans | Morrison & Foerster LLP
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I received this email from Discovery CEO Adrian Gore this morning – one of millions sent to members of South Africa’s largest medical aid fund. It provides an update on the current state of the pandemic and details on a rollout of a vaccine programme which promises to return the country to normalcy. Well written, it is an excellent summary of where we are and what is going to happen next and well worth sharing. So I have. – Alec Hogg
From Adrian Gore, CEO of Discovery:
I am reaching out to update you on the Mass COVID-19 Vaccination Campaign that starts on Monday 17 May. I know there has been considerable anxiety given the delays in commencing the mass campaign. The process has been complex, with many moving parts, particularly the difficulty of procuring the required volume of doses for the entire country; the decision to halt the use of the AstraZeneca vaccine; and the recent pause of delivery of the Johnson & Johnson (J&J) vaccine, given regulatory concerns. Despite th
Phase 2 of South Africa s vaccination programme kicked off on Monday.
Discovery is administering vaccines to those who have received SMSes, from its head office in Sandton.
Other future Discovery vaccine sites include Discovery offices, Virgin Active clubs and large venues like Gallagher Estate.
Discovery has started administering vaccines from its head office in Sandton, as part of Phase 2 of South Africa s vaccination programme.
Phase 2 targets those aged over 60.
Speaking to Fin24 on Monday, Discovery spokesperson Felicity Hudson confirmed that the head office is part of the approved sites for the mass vaccination programme and it had started administering jabs.
In an email to clients issued on Monday, Discovery s CEO Adrian Gore said the head office had been transformed into a vaccination centre, with over 30 vaccinators who could administer over 2 500 vaccinations per day.
LandlordZONE
International gym operator Virgin Active has won court appeal to have it’s recovery plan implemented against strong opposition from landlords, writes Tom Entwistle.
A London court has ruled in a commercial tenant’s favour allowing it to write off some of its rent arrears on the majority of its venues. Despite strong opposition from its creditors, Virgin Active will now avoid future steep rent payments.
The Virgin branded gym operator has welcomed the court’s decision for its controversial restructuring plan that the company says will save thousands of jobs across its international locations. It argued that had the action been lost, the company feared the business would have had to go into administration within days.
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