We acted for a company looking to recover £52,000 from a debtor who had long refused to pay. The claim was made pursuant to a complex commercial agreement but which incorporated a dispute resolution clause. As the claim was disputed, the client had to follow this process which dictated both the procedure and timescale. The client was nevertheless successful and our costs of £8,000 plus vat and expenses were recovered in 2 years. Our costs were substantially cheaper than would have been the case had the matter had to be conducted through the courts and the client probably saved a year in time by using the contractual dispute resolution mechanism
We acted for a company which had been trying unsuccessfully to recover a debt for 8 months As the debt could not legitimately be disputed we used the winding up process and were able to obtain payment in full within 8 months from being instructed. The costs of £3,000.00 plus VAT and disbursements were ultimately recovered from the debtor. The winding up procedure is not appropriate in every case.
We acted for a company to recover just over £1,000 (including interest, the fixed sum, and reasonable costs of recovery, all of which are recoverable from a corporate debtor), and we were able to obtain payment in full within two months from being instructed.
The costs of £196.50 plus VAT and the court fee of £80.00 both formed part of the county court action we ultimately brought against the debtor, and were paid for in full by the debtor once the court had sent them a copy of the County Court Judgment.
Thursfields Solicitors has welcomed the Chancellor’s decision to cut Stamp Duty on homes under £500,000. Nick O’Hara, managing director, said: “This is the right move at the right time to get the property market moving again. “There was a degree of pent up demand, delayed house moves and an initial surge of interest after lockdown…Read full news story
The crucial need for proper consultation in redundancy situations and making sure all selections are fairly made will be discussed at Thursfields Solicitors’ next webinar later this month. Lisa Kemp, an associate director in the Employment & HR Law department will host the free Talk Legal webinar at 10am on Wednesday 22 July. Lisa will…Read full news story