By Richard Ormond
“One of the most concerning aspect of representing receivers and their teams in a contentious receivership case is ensuring the safety of everyone involved. If a receiver is appointed, it is already an “extreme” situation requiring a court to appoint a neutral party to take custodia legis (legal custody) of a business, its assets or more. These situations have high emotions, high-stakes and, in some instances, irrational actors. Contempt can be a powerful tool to curb bad actors, but it is something that is sought well after the occurrence of a bad act.”
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