The following Restructuring & Insolvency practice note produced in partnership with John Hughes of Shakespeare Martineau LLP provides comprehensive and up to date legal information covering:
This Practice Note covers receivers who are appointed by the court, including the circumstances in which a court will appoint a receiver and who may be appointed by the court.
This does not cover LPA receivers appointed by a lender pursuant to a power contained in a charge. For more information on these LPA receiverships see Practice Notes: Procedure relating to appointment of LPA or fixed charge receiver(s) and Effect of appointment of LPA or fixed charge receiver on property.
This content contains guidance on subjects impacted by the Coronavirus Act 2020 and related changes to court procedures and processes as a result of the Coronavirus (COVID-19) pandemic. For further information, see Practice Notes: Coronavirus (COVID-19)—Changes to the court process in insolvency proceedings. For related news, guidance and other resources to assist practitioners working on restructuring and insolvency matters, see: Coronavirus (COVID-19)—Restructuring & Insolvency—overview.
The Senior Courts Act 1981 (SCA 1981) contains the power of the High Court to appoint a receiver.
The High Court may by order (interlocutory or final) grant an injunction or appoint a receiver in all cases in which it appears to the court to be just and convenient to do so.
Any such order may be made either unconditionally or on terms and conditions as the court
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