When faced with a failing customer, you need a comprehensive security review to identify your options and to discover whether there are issues with the security that can be rectified to bolster your position. You will require reviews to be provided within a tight timeframe, which is something we are geared up to do. Our security reviews are well structured, written in plain English and allow you to identify immediately whether additional action is needed.
We act on large and complex security situations, having advised in connection with complex groups of companies, offshore companies and extensive property portfolios.
We regularly act for several the clearing banks and other well-known large commercial lenders in relation to their appointment of Law of Property Act receivers.
We can advise you on enforcement of your security by way of receivership, including effecting the appointment.
The team recently advised a national lender on a pre-enforcement security review, secured by a variety of legal charges over residential and commercial property over the assets of UK companies and offshore entities. We completed the review in a very tight timescale, providing a bespoke document identifying all security enforcement options, which was used by both the lender in assessing its options and also by the Law of Property Act receivers and administrators once they were appointed.
Advice for lenders is part of Shoosmiths’ wider corporate restructuring & advisory offering. If you would like help finding the right team or lawyer please contact us on +44 (0)3700 863 000 or contact us by email to [email protected].