OUR WISDOM AND STRENGTH SPRING FROM OUR GLOBAL EXPERIANCE

Receiverships

Kalo regularly takes appointments when a company defaults on its loan obligations and secured creditors seek a remedy to recover amounts outstanding or when a judgment creditor seeks to recover property belonging to the judgment debtor. Kalo’s practitioners are well known for their ability to take control of assets subject to dispute and are often appointed by the Court to do so while disputes are resolved.

WWhilst each case is governed by the underlying documentation, it is not uncommon for substantially all of the assets to fall under the secured lender’s security. It is the knowledge and experience we offer for such scenarios including our experience in the ongoing management of business operations that compels our clients to seek out Kalo’s appointment.

Restructuring & Liquidation

Other services

Receivership of large resort property valued in excess of US$15million

Type of Engagement

Receivers

Situation

A large resort property was suffering trading losses and therefore unable to meet its obligations.

Key Facts

Charged assets valued over US$15million

Outcome

Sale of assets allowing a full repayment of the secured debt

Featured Service

Receivership

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