08 June 2016

Receivership and secured creditor appointments

A receiver is generally appointed by a secured creditor under the terms of a secured charge. Only in limited circumstances will a Court appoint a receiver. The receiver’s principal obligations are to the secured creditor, not unsecured creditors and shareholders. We provide advice to secured creditors in relation to the appointment of receivers including whether such a course of action is validly enforceable under relevant mortgages or charge documents. We also advise directors, shareholders and other stakeholders on their rights and obligations when a receiver has been appointed.

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