Property Insolvency

The world of property insolvency has evolved through the biggest financial catastrophe since the War, with the bank meltdown flowing from property backed lending. Since the first edition of Property Insolvency there have been significant developments in property development, insolvent restructuring of many leading retail chains and the unprecedented rise of fixed charge receiverships. The new edition includes coverage of * Evolution of principles relating to administration expenses in the cases of Goldacre (Offices) Ltd v Nortel Networks UK Ltd (In Administration) (2009) and Leisure (Norwich) II LTD and others v Luminar Lava Ignite Ltd (In Administration) and others (2012) * 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)) * The fundamental changes to the principles relating to co-ownership of real property-the Supreme Court''''s decision in the Patricia Anne Jones v Leonard Trevor Kernott [2011) UKSC 53 developing the ruling in Stack v Dowden [2007] UKHL17 See more