Confidential
Levi’s role
Levi’s client had lent over $50 million to a borrower for specified purposes outlined within the lender’s documentation. When it became clear that the borrower had expended the funds in breach of agreed undertakings and debt covenants, Levi was engaged to determine a recovery strategy and appointed as receiver to the borrower.
Outcome
Levi worked with professionals to develop and implement a pathway to potentially recover funds. Levi was engaged for its experience and discretion.
Services
- Receivership
- Debt Recovery Strategy