Insolvency in the commercial property world is becoming more common and the failure of many large retailers on the High Street has been well-documented. The economic uncertainty does not look like slowing down, so the particular issues faced by practitioners in this area are very current.
This course, presented by experienced solicitor and licensed insolvency practitioner Stephen Allinson, is tailored specifically for the commercial property sector. The emphasis will be on practical solutions and the course will bring you up to date with the latest case law and practice.
What you will learn:
Types of corporate insolvency and the differences: liquidation, receivership, administration and Company Voluntary Arrangements.
Powers and duties of the liquidator/administrator/receiver – and why appoint at all? Where does the mortgagee in possession concept fit in?
Acting for the liquidator/administrator/receiver on a property sale: what would you expect to see about their appointment, and what would you expect in a sale agreement?
Buying from the liquidator/administrator/receiver on a property sale: what to do to mitigate the lack of information
Company Voluntary Arrangements and landlords: the latest law and practice
Insolvency in the context of landlord and tenant: tenant's rights if landlord insolvent and vice versa; forfeiture, disclaimer and surrender of leases in the context of insolvency