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Law of Property Act (LPA) receivers are increasingly being employed by mortgagees as an effective method of protecting their security. Since the recession and the slump in property values in the early 199s, LPA receiverships have been used not only in respect of single asset property companies, but also of other businesses. As a result, a number of practical and legal problems have arisen such as: What is an LPA receiver empowered to do? Who can be appointed? What obligations do they have?
These and other questions are answered in this concise yet comprehensive guide to the appointment, powers and obligations of LPA receivers. It deals with the problems likely to be faced in this area, and will prove of great value both to advisors to LPA receivers and those who are appointed.
The relevant sections of the Law of Property Act 1925 and the Insolvency Act 1986 are dealt with clearly. To support the commentary, the author has included checklists, forms and useful addresses. Precedents have also been provided covering deed of appointment, written acceptance, indemnity and extended powers of a receiver.
Latest developments in insolvency law, including the Insolvency Act 1994, are covered, making this a reliable source of reference for insolvency lawyers, banking lawyers, chartered surveyors and valuers.
* A concise yet comprehensive account of the appointment, duties and powers of LPA Receivers
* Provides clear, practical advice for those appointing LPA Receivers and for those appointed
* Written in response to a need for in-depth treatment of an increasing activiREVIEWS
... a useful reference point for those advising or acting as an LPA receiver. - PLC Magazine
1. INTERODUCTION
2. NATURE AND KINDS ODF CONTRACTS
3. CONTRACTS OF INDEMNITY AND GUARANTEE
4. BAILMENT AND PLEDGE
5. PRINCIPAL AND AGENT
6. LAW OF PARTNERSHIP
7. THE SALE OF GOODS
8. INSURANCE
9. MARINE INSURANCE
10 FIRE INSURANCE
11. LIFE INSURANCE
12. THE LAW OF NEGOTIABLE INSTRUMENTS
13. THE LAW OF INSOLVENCY
14 ARBITRATION
15. CARRIERS AND CRRIAGE OF GOODS
16. SECURITIES
17. COMPANY LAW
18. THE FACTORIES ACT, 1948
19. THE WORKMENS'S COMPENSATION ACT , 1923
20. THE TRADE UNIONS ACT, 1926
21. THE PAYMENT OF WAGES ACT , 1936
22. THE INDUSTRIAL DISPUTES ACT , 1947
23. THE MINIMUM WAGES ACT , 1948
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