Office75% RecoveredCentral Office Shell Company | Director Liability
Tenant company suddenly closed, office abandoned. We traced director's personal guarantee liability, recovered property and most arrears.
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- Location
- Central Grade A Office
- Duration
- 3 Months
- Type
- Office Dispute
The Challenge
Mrs. Lee owned a Grade A office unit in Central, leased to a company claiming to be in fintech. Everything was normal initially, but a year later the company suddenly vanished. Mrs. Lee discovered it was just a shell company with no assets. Arrears plus reinstatement costs exceeded $400,000, and she feared total loss.
Our Solution
- In-depth tenant background investigation: Reviewed Companies Registry records, traced director and shareholder information, discovered director owned other assets.
- Reviewed lease guarantee clauses: Carefully studied the lease, found director had signed personal guarantee clause.
- Dual-track recovery: Applied for repossession against shell company while issuing legal demand letters to director personally.
- Negotiated settlement: Director agreed to installment payment of most arrears to protect other assets.
The Result
Although the tenant company was a shell, by pursuing the director's personal guarantee liability, we successfully recovered approximately $300,000 (75% of total losses). The property was re-let within a month.
Value Added
- ✓Professional investigation capabilities: In-depth investigation of company and director backgrounds.
- ✓Legal strategy application: Leveraged personal guarantee clauses to pierce the veil of limited liability.
- ✓Negotiation skills: Facilitated settlement under legal pressure, achieving optimal results.
“Thought company liquidation meant no recovery, but there are other ways.”
