Administration - investors, be prepared!
Every day appears to bring a report about yet another major company going into administration, leaving suppliers, investors, landlords and customers uncertain of where they stand.
This year alone well known retailers such as PowerHouse, sandwich shop Benjy’s, fashion retailers Morgan and Kookai, DVD retailer Silver Screen, Allsports, Sock Shop, gift shop chain Past Times and off-licence chain Unwins have all gone into administration.
This comes on the back of the Enterprise Act which promoted administration as the favoured form of insolvency and changed the rules, seeming to shift the balance of power in favour of insolvent tenants.
So where does this leave landlords, managing agents and funders?
Is there anything that you can do to minimise your risk and protect your investment if a tenant gets into difficulty?
At this seminar we will be looking at the different types of insolvency, identifying the strategies available to landlords, managing agents and funders to protect their investment, and highlighting what you need to be looking out for in today’s changing market.
PROGRAMME
17.30 Registration & Coffee
18.00 Chairman’s Introduction
18.10 What does it mean when your tenant goes “bust”?
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Different types of insolvency
18.20 What can you do?
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Traditional remedies
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Practical issues facing landlords today
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Other available solutions
18.35 Be prepared!
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What could really be happening behind the scenes?
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Director’s liability
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How to strengthen your position
18.50 Questions
19.00 Drinks & Canapé Reception
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