Receivership - What is it and how is it useful to lenders?

Receivership - What is it and how is it useful to lenders?

A receiver is an individual (or those acting jointly) appointed by a creditor that holds a charge over the assets of a debtor to take custody of the charged assets, manage those assets and receive the income from them. Usually, a receiver will also have the power to sell the assets and to apply the proceeds of sale in satisfaction of the secured debt.

Wiltshire Council v Cooper Estates Strategic Land Ltd [2019] EWCA Civ 840

Wiltshire Council v Cooper Estates Strategic Land Ltd [2019] EWCA Civ 840

In May 2019, the Court of Appeal upheld the 2018 High Court decision to quash a local authority’s registration of land as a town or village green. The Court of Appeal held that the adopted core strategy policies of the local authority gave rise to a trigger event that precluded the local authority from registering the land as a town or village green.

Reforming the National Planning Policy Framework

Reforming the National Planning Policy Framework

The significance of the NPPF was as much the fact that it put together in one place all of central government’s planning policies. It is not perfect, but some of those imperfections stem from the fact that voters are wedded to concepts such as the Green Belt which add to the problems of housing delivery in an environmentally sustainable manner.