Recoveries for Lenders
Our Insolvency and Restructuring team provides an invaluable service to a number of large and small commercial lenders, seeking recovery of sums owed against both principal debtors and providers of third party security.
Working together with Wedlake Bell’s Real Estate and Property Litigation team, we offer considerable experience in bringing proceedings on behalf of both lenders and LPA Receivers in respect of both residential and commercial property. Once judgment is obtained the team advises and takes action in relation to enforcement, using remedies under the Civil Procedure Rules or the Insolvency Act as appropriate.
Three members of our team have undertaken secondments at client lenders, which gives us an invaluable insight into the motivation, mindset and strategy of lenders in the current regulatory framework. We use this experience to bring proceedings as well as negotiate and draft complex agreements for settlement.
If recovery is not possible without litigation then our Insolvency and Restructuring team can use its considerable experience to bring court proceedings or bankruptcy proceedings against individual guarantors and, if necessary, resist applications to set aside statutory demands.
We are experts at advising LPA receivers on their appointment, powers and duties – covering all aspects of the ongoing receivership including any disputes and the eventual disposal.
- Acting for a High Street lender on recoveries from principals and guarantors.
- Two of the firm’s Partners have previously taken 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.
- Acting for receivers on their appointment and sale of property in relation to residential properties as well as commercial, retail and mixed use properties.
- Advising a European bank on the UK aspects of enforcing the terms of a UK facility in Greece.