Situations involving insolvency often require decisive action, taken in a short time-frame, against a backdrop of highly technical legal provisions and case law.
Teacher Stern’s Insolvency team has extensive experience of all aspects of real estate insolvency, including liquidations, administrations, CVA’s, appointment of receivers, bankruptcy and IVA’s.
We have particular experience in advising Law of Property Act receivers (commonly called fixed charge receivers) on a variety of matters including advising on the formalities of their appointment as receivers, the realisation of the real estate assets over which the receivers are appointed and securing vacant possession of the charged real estate.
Many of the real estate insolvencies that we deal with are complex in nature and involve multiple properties and cross-border structures. Our real estate Insolvency lawyers therefore work closely with colleagues from our Banking & Finance, Corporate, Dispute Resolution and Tax teams, as well as lawyers in numerous international jurisdictions, to ensure that we provide a comprehensive service to our clients.
Whether you are an insolvency practitioner, a real estate company director or a creditor, we have the specialist knowledge that can make all the difference in dealing with the multitude of difficult issues that can arise where real estate insolvency is an issue.
Representative Insolvency Work
Examples of our team’s insolvency work include:
- Advised the joint liquidators of a hotel group in relation to an alleged fraudulent restructuring, including the unlawful declaration of dividends in specie, transactions at an undervalue, misfeasance by directors and other applications under Sections 234, 235 and 236 Insolvency Act 1986.
- Advised a property development company in relation to a winding up order made as a result of negligent conduct by professional advisors, involving negotiations with liquidators Grant Thornton, provision of third party funding, a successful CVA proposal, questions of ad valorem charge minimisation and the eventual return of the primary asset to the beneficial owners of the company in liquidation.
- Advised the directors of a real estate development company in relation to insolvency proceedings against a high profile JV partner, involving cross border issues and winding up of off-shore registered companies in England & Wales.
- Advised numerous secured lenders on their enforcement rights against insolvent real estate companies.
- Advised the directors of a property development company on the recovery of assets of substantial value when a winding up order was obtained by HMRC without their knowledge, including avoidance of ad valorem fees on realisation of the major asset by the liquidator/CVA supervisor.
- Advised liquidators, administrators and trustees in bankruptcy to obtain orders for possession and sale of properties.
- Advised LPA receivers in relation to claims of misfeasance and breach of duty in relation to sale of residential property.
- Advised a liquidator of a property development company in relation to claims for guaranteed rental returns by leaseholders and in relation to misfeasance by a former director.
- Advised a liquidator of a national hotel chain in relation to secured lending facilities and potentially fraudulent claims.
Jonathan CantorPartner Dispute Resolution
Jonathan specialises in commercial litigation, with a particular emphasis on the resolution of disputes relating to Real Estate, commercial and residential.
He has a long and successful track record of working with owners, occupiers, managing agents and property professionals in disputes involving commercial property, in particular, including the contentious aspects of lease renewals under Part 2 Landlord and Tenant Act 1954, breaches of lease covenants, interim and terminal dilapidations.
Jonathan also advises extensively in relation to contract, insolvency and other business-related disputes concerning property.
Jonathan is a trained mediator and has many years experience of representing clients in the mediation process. He has also written for the Estates Gazette and the Law Society Gazette.
- Advised commercial landlord in relation to assembly of site for major development and the opposition to the grant of new tenancies under Part II of the Landlord and Tenant Act 1954.
- Advised developer in relation to a claim to right of way over its land made by the adjoining land owner.
- Advised landlord of commercial premises in relation to breaches of covenant by its headlessee ultimately leading to the dismissal of the headlessee’s claim for relief from forfeiture and the grant of a new lease at four times the amount of the previous rent.
- Advised owner of high value residential premises in Central London resisting a claim to a beneficial ownership in the premises.
- Advised residential landlord in relation to claim for possession of tenancy protected by Rent Act 1977 following the making of an offer of suitable alternative accommodation.
- Advised tenants of premises whose leases were excluded from protection under Part II of the Landlord and Tenant Act 1954 in relation to their securing protected occupation after the contractual term of their underleases had come to an end.
- Advised occupier of restaurant premises in resisting freeholder’s claim for possession on the basis that its occupation was without licence or consent.
Partner, Teacher Stern 2010 to date
Consultant, Teacher Stern 2007 – 2010
Consultant, Portner and Jaskel 2003 – 2007
Partner, Binks Stern and successor practices 1982 – 2003
Solicitor, Binks Stern 1980-1982
Trainee, Binks Stern 1978 – 1980
University of Nottingham
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