Property Insolvency: Second Edition, by Peter Levaggi, Roger Elford
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Property Insolvency: Second Edition, by Peter Levaggi, Roger Elford
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In the UK, the world of property insolvency has evolved through one of the biggest financial catastrophes with the bank meltdown flowing from property-backed lending. Since the first edition of Property Insolvency, there have been significant developments in UK property development, insolvent restructuring of many leading retail chains, and the unprecedented rise of fixed charge receiverships. Along with an examination of various areas of insolvency - tenant's insolvency, freeholder/landlord insolvency, property assets and personal insolvency, property taxation and insolvency, mortgagees and receivers, etc. - this second edition includes coverage of: ** the evolution of principles relating to administration expenses in the cases of Goldacre (Offices) Ltd v Nortel Networks UK Ltd (In Administration) (2009), as well as Leisure (Norwich) II LTD and others v Luminar Lava Ignite Ltd (In Administration) and others (2012) ** the use of forfeiture proceedings during administration, as in the 2012 case of Lazari GP Limited and Lazari Real Estates Limited v Game Retail (UK) Limited 2012 ** the use of Company Voluntary Arrangements, particularly in relation to multi-site retailers, for example, Miss Sixty case ((1) Mourant & Co Trustees Ltd (2) Mourant Property Trustees Ltd v (1) Sixty UK Ltd (In Administration) (2) Peter Hollis (3) Nicholas O'Reilly (as joint administrators of Sixty UK Ltd) (2010)) ** in the Patricia Anne Jones v Leonard Trevor Kernott [2011] UKSC 53 developing the ruling in Stack v Dowden [2007] UKHL17 [Subject: Property Law, Insolvency Law]
Property Insolvency: Second Edition, by Peter Levaggi, Roger Elford- Published on: 2015-05-31
- Original language: English
- Number of items: 1
- Dimensions: 9.75" h x 6.25" w x 1.25" l, .0 pounds
- Binding: Hardcover
- 498 pages
Where to Download Property Insolvency: Second Edition, by Peter Levaggi, Roger Elford
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0 of 0 people found the following review helpful. Useful By Phillip Taylor MBE A USEFUL AND USER-FRIENDLY GUIDE TO THE MODERN LAW RELATING TO PROPERTY INSOLVENCY -- NOW IN A NEW SECOND EDITION WITH ACCOMPANYING CD-ROMAn appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green ChambersSix years ago when the first edition of this book was published, the world had been plunged into depression described as the biggest financial catastrophe since the Second World War. Who could have predicted at the time -- as Peter Arden QC remarks in the foreword -- ‘the length and depth of the downturn that ensued and which has affected every sector of the economy.’As Arden explains, ‘Property Insolvency’ covers the developments that have taken place in matters of property insolvency since the publication of the last edition – and there are plenty of those, including an increase in fixed charge receiverships and a lot more.The co-authors, each eminent in this field, have aimed, in their words, ‘to give a full account of the modern law relating to property insolvency’ in the wake, we would say, of the recent economic crisis -- and it is debatable as to whether a full recovery is on the way.In the meantime, as the authors point out, ‘the current issues involving property insolvency ‘have reached a level of complexity that has never been seen before.’ Fortunately, practitioners seeking to navigate their way through this maelstrom, will get a hefty helping hand from this book, which covers a wide spectrum of property insolvency issues and problems in a single volume, backed up by illustrative case studies throughout.Recently published by Jordan’s, the book is divided into six parts and twenty chapters. Following a useful historical perspective in the introduction, the book deals in detail with tenant’s insolvency in Part I, touching on every conceivable issue and contingency that can and does pertain to leaseholder liability for rent and other obligations under a lease, including the CRAR (Commercial Rent Arrears Recovery).Parts 2 and 3 deal with freeholder/landlord insolvency and mortgagees and receivers. And in Parts 4 and 5, property assets, personal insolvency, as well as insolvency and property taxation are covered in considerable depth.The book offers clear detailed, yet succinct analyses of the legalities and the processes and procedures pertaining to property insolvency, with references to the relevant case law throughout.The authors and their contributors have certainly succeeded in their aim of providing a comprehensive and practical guide to this area of law and its legal mechanisms.Written in a straightforward, accessible style, this is a book which largely de-mystifies much that is mystifying in property insolvency. It is therefore a friend in need to property and insolvency professionals, notably lawyers -- whether experienced or novice -- grappling with property insolvency issues on behalf of clients.And speaking of busy professionals, this book is well organized and easy to use – an important factor when you’re under pressure. The twelve-page table of contents lists in detail every topic and sub-topic covered, making it easier for the reader to look things up.With numbered paragraphs throughout, an index at the back and fifteen appendices containing the relevant forms, (also accessible on the accompanying CD-ROM) the book functions as a practical tool for anyone involved with the thorny problems thrown up by property insolvency matters. All those professionally involved in this area of law should get a copy.The publication date is cited as at March 2015.
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