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The Lifecycle of Debt Recovery: What Businesses Need to Know

Jonathan Berkson

When a customer or client fails to pay, it can disrupt cash flow and create unnecessary stress for your business. At Bermans, our Creditor Services team specialises in guiding businesses through the debt recovery process efficiently and professionally. Here’s a clear breakdown of the debt recovery lifecycle—and how we help you navigate each stage. 

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Do I have to take my dispute to mediation?

Andrew Koffman

In an article in December 2023 we reported on the Court of Appeal’s decision which, for the first time, gave the courts the power to compel parties to mediate. 

Court of Appeal backs compulsory alternative dispute resolution (ADR) | Bermans 

There have been further developments since then.  In October 2024, changes to the court rules (CPR) were made to give the court the specific power to order the parties to take part in alternative dispute resolution (ADR) such as mediation. 

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Ruby Griffiths

Trainee Solicitor

Ruby works in the Creditor Services team, focusing on debt recovery and litigation proceedings for Invoice Finance Providers, SMEs, and Funders.

Ruby studied Law (LLB) at Durham University, which included a year abroad in Berlin, and went on to achieve a Distinction in her LPC MSc in Law, Business and Management from the University of Law.

Outside of work, Ruby enjoys expanding her legal expertise and enjoys attending concerts, travelling, and learning German in her spare time.


E: ruby.griffiths@bermans.co.uk
T: 0151 224 0521

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Private Equity

Bermans’ corporate team has extensive experience in advising investors, investee companies and management teams on PE transactions. Such transactions include initial investments, secondary buyouts, co-investments and exits.

The team’s experience in advising the various parties to private equity transactions means that it prides itself in providing commercial advice and being able to achieve its clients’ objectives.  We understand the fast-paced nature of private equity and provide commercial, pragmatic advice that aligns with deal timelines and market dynamics.

Our full service offering means that we are able to utilise our specialists in real estate, employment, intellectual property and finance to address the full range of operational issues that may arise in private equity transactions.  We also provide ongoing support to portfolio companies, helping them manage risk, scale operations and execute strategic initiatives.

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Mergers and Acquisitions

Our experienced corporate team can provide buy-side or sell-side support to shareholders, investors, private limited companies and private equity firms, across a wide variety of sectors.  Assisting with end-to-end support throughout a transaction, we can tailor our support to achieve our clients’ end goals.

Our Mergers and Acquisitions services include:

  • Domestic and cross-border mergers and acquisitions
  • Business and asset purchases
  • Joint ventures and strategic alliances
  • Management buy-outs
  • Corporate reorganisations

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Management Buy-Outs (MBOs)

Our corporate team provides strategic legal support for management teams and business owners navigating the complexities of management buy-outs.  If you’re acquiring the company you help run, or you’re a business owner facilitating an internal transition, our experienced team will deliver clear, commercially focused advice on every stage of the transaction.

We understand the unique dynamic of MBOs, including the sensitive balance between maintaining relationships and achieving fair outcomes.

We assist with the following:

  • Deal structuring and negotiation
  • Equity and debt financing
  • Due Diligence
  • Transaction documentation
  • Employee and governance matters

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