Receivership (private appointments) | Practical Law
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This note provides an overview of corporate receivership in the context of private appointments by a secured creditor. It discusses the legislation governing the conduct of a receivership, the circumstances in which a receiver can be appointed, the nature of the appointment and the procedure required to appoint a receiver. It also explains the role, duties, powers and liabilities of a receiver, the key aspects of the administration of the receivership, and the circumstances in which a receivership may be terminated.