Fixed Charge/LPA Receiverships
Our experienced and professionally qualified Team takes a flexible and bespoke approach to deliver this highly specialised service.
People often think that LPA receiverships are simple. In reality, they can often be extremely complex so it is vital to plan the structure and the exit strategy meticulously.
In partnership with members of Wedlake Bell’s specialist Property Team, our Business Recoveries Team has significant experience of advising lenders of their position and enforcement rights.
We are experts at advising LPA receivers on their appointment, powers and duties - covering all aspects of the ongoing receivership through to the eventual disposal.
Our experience relates to property portfolios including shopping centres, substantial office and mixed-use blocks together with residential property. We advise on all aspects of the receivership process including where disputes have arisen.
Two of the firm’s Partners take appointments as LPA receivers. This has given an unprecedented level of experience in both the legal and commercial issues surrounding LPA receiverships as well as an appreciation of life through the eyes of an LPA receiver. This means we are able to consider all possible scenarios and then build strategies to deliver the best possible results.
- Advising lenders on enforcement options;
- Advising lenders or receiver on the appointment process;
- Advising in relation to the powers and duties of both lender and receiver;
- Dealing with disputes in relation to the conduct of the receiver or lender;
- Exit strategies;
- Disposal of property;
- Philip Matthews and Edward Starling also act as LPA receivers for a High Street Building Society and certain other lenders.
- Advising a major lender on enforcement options on a property portfolio in default. This included advice in relation to the most appropriate enforcement option such as LPA receivership or administration;
- Advising a lender regarding disputes raised against an LPA receiver and the impact on the lender's own proceedings;
- Planning an exit strategy for disposal of mixed use property where there was a significant s106 liability that could, without a strategic plan, run with the property to the purchaser;
- Acting as LPA receivers in relation to 2 shopping centres, 2 very significant office blocks and various individual retail units.