Insolvency documents—limitation of liability clauses
Insolvency documents—limitation of liability clauses

The following Property precedent provides comprehensive and up to date legal information covering:

  • Parties
  • RECITAL[s] or additional clause—Appointment of [[Receiver OR Receivers] OR [Liquidator OR Liquidators] OR [Administrator OR Administrators]]
  • Execution clauses

Coronavirus (COVID-19): the coronavirus pandemic has caused the UK to expedite new insolvency provisions, both of a temporary and permanent nature. For news and guidance as to the implications from a property perspective see: Coronavirus (COVID-19)—implications for property — Property Insolvency.

Parties

  1. 1

    [insert name of relevant party] [(in [administrative receivership [and also in]] [liquidation OR administration])] of [insert address] [incorporated in England and Wales with company registration number [insert company registration number]] ([insert party definition eg ‘Seller’’]) acting by [any one of] [insert one of the following:]

  2. [[If a receiver:] the [joint] [receiver[s] of the Property], [insert name of [first] receiver] of [insert address] [and [insert name of second receiver] of [insert address]] ([Receiver OR Receivers])

    OR

    [If an administrative receiver:] its [joint] administrative receiver[s], [insert name of [first] receiver] (Insolvency Practitioner) of [insert address] [and [insert name of joint receiver] (Insolvency Practitioner) of [insert address]] ([Receiver OR Receivers])

    OR

    [If a liquidator:] its [joint] liquidator[s], [insert name of [first] liquidator] (Insolvency Practitioner) of [insert address] [and [insert name of

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