Delivering s.75 Affordable Housing Contributions – What happens if the Developer Becomes Insolvent?

In this webinar we considered the main implications for RSLs in the event that a house builder becomes insolvent before works are complete. 

This included considering:
• The various kinds of insolvency events which may take place, and the differences between insolvency regimes.
• Implications for existing house building contracts; and
• Practical steps which may be taken by RSLs to mitigate loss.

Speaker biographies
Jenna Monteith
Jenna is a Legal Director with 10 years of experience across the real estate sector, with a particular focus on public sector clients including affordable housing providers, local authorities and non-departmental public bodies.
Jenna has recently returned from 5 years working at Scottish Futures Trust where she was focused on the development, delivery and management of innovative models for the delivery of mid-market rent housing, particularly in the context of partnerships between the public and private sectors and often involving guarantees. Jenna was also closely involved in the development of initiatives to support the growth of the Build to Rent sector, including the Rental Income Guarantee Scheme, and housing for older people.

Elaine Petterson
Elaine has over 10 years’ experience in the property industry and acts for investors, private equity firms and developers in relation to the acquisition and disposal of commercial assets and regularly provides Scots real estate support on high value cross-border portfolio acquisitions. She has bought, sold and managed multiple large-scale retail assets, including shopping centres and retail parks, and also acts for landlords in relation to the leasing and asset management of office buildings and industrial estates.
Elaine leads the Brodies' real estate restructuring team and has extensive experience acting for insolvency practitioners and lenders in relation to distressed asset sales and providing advice on real estate issues arising as a result of insolvency, including the care home, retail and leisure sectors. Elaine has acted on more than 20 portfolio loan acquisitions in the last 10 years and has unrivalled experience in the non-performing loan market.