Management of Seized Operating Businesses, Shareholdings and Going Concerns

Course overview

When the state restrains a hotel, a transport company or a farm, it inherits staff, customers, suppliers, tax obligations and day-to-day decisions. Shut the business and value collapses; run it badly and the state may face claims for losses. This management of seized businesses course prepares asset managers and appointed managers to take control of operating businesses responsibly.

Participants learn the legal basis for appointing managers and receivers, the first-hundred-hours tasks after taking control, and how to establish financial and operational oversight. They study managing employees, contracts, banking, tax and regulatory compliance, and how to stop the original owners from continuing to influence the business. The course then covers monitoring performance, deciding whether to continue trading, restructuring and preparing for sale or return to the owner if the case fails. Case studies include a transport company, a hotel and a group of shareholdings in listed and unlisted companies.

Participants leave able to take control of seized businesses, preserve their value and report credibly to courts and agencies.

What you will be able to do

• Explain the legal powers and duties of managers of seized businesses
• Plan the first days after taking control of a business
• Establish financial and operational control and reporting
• Manage staff, contracts, tax and regulatory obligations
• Prevent continued influence by former owners
• Decide whether to continue, restructure, sell or return a business

Who should attend

For asset management office staff, receivers, managers appointed by courts and the lawyers and accountants who support them.

• Asset management office managers
• Court-appointed receivers and managers
• Insolvency practitioners
• Accountants supporting asset management
• Legal officers in asset recovery agencies
• Corporate finance advisers

Course outline

Fees are per participant in US dollars and cover tuition, course materials and your certificate. Travel and accommodation are not included.