isurv

Building value from knowledge

  • Formal insolvency proceedings

    15 March 2010

    Actions available to the landlord depend upon the nature of the insolvency proceedings. Some proceedings, such as pre-packaged administrations and company voluntary arrangements, can be used advantageously by...

  • Enterprise Act 2002

    25 November 2009

    Administration was first introduced in the Insolvency Act 1986 and has been amended by the Enterprise Act 2002. It is designed to allow a business to continue trading...

Summary

Surveyors are increasingly involved in insolvency based transactions while the principle of legislation in this area is to promote a culture of rescue, rather than recovery. The pitfalls awaiting the unwary surveyor are therefore growing, with significant consequences for acting illegally or improperly. This section is a guide to surveyors who are called upon to advise in insolvency situations, and managing agents who are faced with tenant insolvency. It covers all areas of instruction, including competence, professional indemnity, conflicts of interest and documents; inspection; reporting; and liability. The RICS Recovery & Insolvency Forum seeks to encourage cross disciplinary networking for those who have an involvement or an interest in this sphere.

This section is maintained by Andrew Hill of Denton Wilde Sapte.