Law of Property Act receiverships
We regularly act for a number of the clearing banks and other well known large commercial lenders in relation to their appointment of Law of Property Act receivers.
We advise Law of Property Act receivers on the appointment process, the validity of their appointment, and on the realisation of assets over which they are appointed.
We advise banks and other funders on enforcement of their security by way of Law of Property Act receivership, including undertaking a security review. We draft appointment documentation and liaise with both the bank and Law of Property Act receivers to effect the appointment.
We deal with complex Law of Property Act receiverships, ranging from multi-property receiverships (90-plus properties), as well as cross border issues and the crossover between Law of Property Act receivership and administration, liquidation and bankruptcy.
We also undertake litigation on behalf of Law of Property Act receivers where necessary to ensure that vacant possession is obtained if required. We will then work with our property colleagues to ensure a sale is achieved, either by private treaty or sale at auction.
We are experienced in dealing with challenges to the appointment of Law of Property Act receivers by borrowers, and are able to advise on all aspects of the Law of Property Act receivership process.