M3 Navigating Tenant Insolvency (FREE Breakfast CPD Event)

1 CPD Point, Face-to-Face (Approval Code SLPL22)

This workshop will examine:

• the concept of corporate insolvency and provide an introduction to the different roles of a voluntary administrator, a receiver and a liquidator (referred to as “external administrators”);
• considerations for a landlord that has a tenant, or a prospective tenant, that may be insolvent;
• how the appointment of an external administrator impacts a landlord’s right of termination and re-entry;
• who is liable to pay rent and outgoings upon the appointment of an external administrator;
• whether insolvency impacts the enforcement of bank guarantees and security deposits;
• unsecured creditors, lodging a proof of debt and the priority regime prescribed by section 556 of the Corporations Act 2001 (Cth); and
• the impact of a tenant’s insolvency on the enforcement of guarantees.