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Welcome to the July Edition of Open Door.
Shepherd and Wedderburn's Restructuring and Insolvency Group advises a broad range of clients on all aspects of restructuring and insolvency, advising on a range of solutions which may result in either the survival of all or part of our clients' business or a better result for our clients' creditors and guarantors, as well as providing recommendations on a range of enforcement or restructuring options to recover outstanding debts. This month's Open Door features articles from several members of the Group, highlighting issues with particular relevance to the property sector, and providing timely advice during the current downturn.
More details of the Restructuring and Insolvency Group's services and key contacts are available on our website.
Fiona Paterson warns landlords that late payment of rent by their tenants could mean more than prudent cash flow management, and could be an early warning sign of real financial difficulty, so it is essential that landlords remain vigilant, and are prepared for dealings with insolvency practitioners.
Andrew Scott looks at a receiver's duty to exercise care in disposing of the company's assets and to obtain the best price reasonably obtainable at the time of sale in light of the recent English case of Bell v Long & Others.
Caroline Simpson alerts insolvency practitioners dealing with licensed premises in England and Wales of the need to act swiftly in cases of insolvency, if those premises are to keep trading, under new rules under the Licensing Act 2003.
Other articles in this month's edition:
Flood risk management is an issue both north and south of the border. We review the findings of the Pitt Review of the position in England and Wales and compare this with recommendations of the Scottish Government's recent consultation on flooding.
The recent English case of Jones v London Borough of Merton which looked at the issue of tolerated trespass gives guidance on when a person no longer has possession of a property and is of general relevance to property interests as well as public sector landlords.
Shepherd and Wedderburn's Restructuring and Insolvency Group advises a broad range of clients on all aspects of restructuring and insolvency, advising on a range of solutions which may result in either the survival of all or part of our clients' business or a better result for our clients' creditors and guarantors, as well as providing recommendations on a range of enforcement or restructuring options to recover outstanding debts. This month's Open Door features articles from several members of the Group, highlighting issues with particular relevance to the property sector, and providing timely advice during the current downturn.
More details of the Restructuring and Insolvency Group's services and key contacts are available on our website.
Fiona Paterson warns landlords that late payment of rent by their tenants could mean more than prudent cash flow management, and could be an early warning sign of real financial difficulty, so it is essential that landlords remain vigilant, and are prepared for dealings with insolvency practitioners.
Andrew Scott looks at a receiver's duty to exercise care in disposing of the company's assets and to obtain the best price reasonably obtainable at the time of sale in light of the recent English case of Bell v Long & Others.
Caroline Simpson alerts insolvency practitioners dealing with licensed premises in England and Wales of the need to act swiftly in cases of insolvency, if those premises are to keep trading, under new rules under the Licensing Act 2003.
Other articles in this month's edition:
Flood risk management is an issue both north and south of the border. We review the findings of the Pitt Review of the position in England and Wales and compare this with recommendations of the Scottish Government's recent consultation on flooding.
The recent English case of Jones v London Borough of Merton which looked at the issue of tolerated trespass gives guidance on when a person no longer has possession of a property and is of general relevance to property interests as well as public sector landlords.
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