Receivership in UK Law
- Disposal Of Assets To Discharge Debt Ahead Of Enforcement By Receivership
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At Her Majesty‘s Pleasure? Directors of ‘can pay, won‘t pay’ award debtors face the prospect of an extended stay in England should they choose to defy a receivership order granted by the English Court in aid of enforcement.
The grant by Males J of an order for the appointment of receivers by way of equitable execution in relation to foreign assets held by two arbitration award debtors, Unitech Limited (”Unitech”) and ...
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Tenants 3 - 0 Landlords: Another Decision On Payment In Lieu Of Repairs
... ... [2014] CSIH 43 and @SIPP (Pension Trustees) Ltd v Insight Travel Services Ltd [2014] CSOH 137 - Mapeley Acquisition Co (3) Limited (In Receivership) v City of Edinburgh Council [2015] CSOH 29. Again, the court found that the landlord's entitlement to demand payment in lieu of repairs did not ... ...
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Where Does A Commercial Landlord Stand When Its Tenant Becomes Insolvent?
... ... In the case of companies, these can include company voluntary arrangements, administration, administrative receivership, Law of Property Act receivership or liquidation. In the case of individuals, they might include individual voluntary arrangements or bankruptcy ... ...
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English Court Appoints Receiver Over International Construction Contracts
...In a recent case in London, the court granted a very ... broad receivership order over 25 unrelated international ... construction contracts. The case illustrates the flexibility of the ... UK courts and the far-reaching ... ...
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Challenging Receivers Insolvency Sales Of Property
... ... In May 2013 the High Court dealt with a challenge to a LPA receivership in the case of (1) Jumani (2)Tariq v (1) Mortgage Express (2) Walker Singleton [2013] EWHC 1571 (Ch)) ... It is always difficult to challenge a ... ...
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U.K. Supreme Court Asserts Jurisdiction Where Conspiracy Was Hatched in England
Questions on conflict of laws can be fiendishly difficult to decipher. When the U.K. Supreme Court rules on this topic, it is important to take note.... ... over $6 billion during his tenure and has successfully obtained court orders against him, including a worldwide freezing order, a receivership order and default judgments totalling $ 4.6 billion. This has been a Pyrrhic victory as the Bank has not been able to trace Mr Ablyazov and is said ... ...
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Insolvency In Construction: What Is Insolvency?
... ... 3. Administrative receivership ... Since 15 September 2003, the ability to create a power to appoint an administrative receiver under a floating charge has been limited to a ... ...
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Fixed Charge Receiver Or Administrators ' The Pros And Cons?
... ... receiver's costs and expenses) then it is returned to the ... borrower, not distributed to creditors generally by the ... During receivership the borrower remains under the general ... control of its directors; the receivers only take control of the ... asset(s) over which they are ... ...
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Supreme Court Clarifies Situs Of Debts Represented By Letters Of Credit
... ... The Court also clarified the circumstances in which a receivership order could be made by way of equitable execution ... Taurus Petroleum Limited v State Oil Marketing Company of the Ministry of Oil, Republic of ... ...
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