An application to the court for the appointment of the official receiver or an insolvency practitioner as interim receiver1 may be made by a creditor, the debtor, a temporary administrator or a member state liquidator appointed in main proceedings2.
The application must be supported by an witness statement3 stating:
(1) the grounds on which it is proposed that the interim receiver should be appointed;
(2) whether or not the official receiver has been informed of the application and, if so, whether a copy of it has been delivered to that person;
(3) if the proposed interim receiver is an insolvency
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
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