Step-in rights and the right to appoint an administrative receiver
28 Feb 2005
United Kingdom
1 min read
The first case has been reported (Times Law Report, 24 February 2005) on the appointment of an administrative receiver under the project finance step-in rights exception.
The exception was introduced by the Enterprise Act 2002, under section 72A of the Insolvency Act 1986. In the case of Feetum v Levy the exception was held not to apply and therefore administrative receivers could not be appointed.
Banking & Finance
Financial Services Professionals
Pension Professionals
Financial Institutions
Accountants & Actuaries
Defendant Personal Injury
Consumer Products
Manufacturing
Food & Drink
Retail
Energy & Climate Change
Oil & Gas
Power Projects
Mining and Minerals
Water
Healthcare
Healthcare, Social Care and Life Sciences
Life Sciences & Healthcare
Hospitality, Travel & Leisure
Infrastructure & Projects
Cyber
Insurance Brokers
Solicitors
Surveyors
Technology
Reinsurance
Warranty & Indemnity Liability
Other Classes
Fine Art, Specie and Jewellers' Block
Trade Credit and Political Risk Practice
Title Indemnity
Aviation
Construction & Energy
Construction CAR/EAR
Energy
Property
Directors’ & Officers’ Liability
Marine
Professional Negligence
Construction PI
Insurance
Education
Private Equity
Real Estate
Construction & Engineering
TMT - Technology, Media & Telecommunications
Restructuring & Insolvency
