Contractual and Equitable Receivers – In times of financial stress, secured lenders have a variety of options available to pursue outstanding monies owing from corporate entities. Receivership appointments are made by way of an order from the Court or under the terms of a contractual security document can be an effective enforcement tool for a secured judgment creditor.
Segregated Portfolio Companies (SPCs) – Pursuant to Section 224 of the Companies Act, a receiver can be appointed to facilitate, where necessary, the safeguarding, investigation and potential realisation of assets of the segregated portfolio(s). Interpath have experience of dealing with these unique corporate structures. A receivership over a segregated portfolio does not prevent the profitable areas of the business, i.e., the other segregated portfolios, from continuing to trade.
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