The ordinary function of a receiver is to take possession of the assets subject to a debenture-holder’s charge. The receiver will often also be given the power to act as a manager, which simply means that the receiver has the ability to trade with the assets over which he has been appointed. Interestingly, the remedy of appointing a receiver is unique to common law jurisdictions and has given rise to a wealth of nuanced case law in the Irish courts which will be considered further in our update.
For insights on recent developments in the appointment of a Receiver; the effect of appointment on Liquidators, Boards, and Companies; the remuneration of a Receiver; the powers of a Receiver and an insight into recent case law and challenges to appointments, read our Receivership. The Law and Practice in Ireland update here.
If you have any queries, a member of our team would be happy to speak with you.
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