One of the most complex and uncertain areas of law which invoice discounters and their lawyers regularly have to deal with is transaction set off, namely the extent to which the customer’s claim arising from defective or late performance of the contract on which the relevant invoice is based can be set off against the value of the invoice.
Readers will be aware that it is very rare for a reported case in the higher courts dealing with invoice finance to emerge, so we were interested to see a report of a recent case in another area of financial services which raised squarely 2 legal concepts which are fundamental to invoice financiers:
Charlotte is a Partner in the Corporate team and is based in the Manchester office. She has spent more than 20 years working as a solicitor in the Northwest, supporting owners and managers of business.
Being a Corporate specialist, she advises on a range of matters including:
Sales and purchases of businesses;
contracts between business owners and between businesses and their investors, such as Investment Agreements, Shareholders Agreements, Articles of Association and Joint Venture Agreements; and
corporate restructures, for example, share reclassifications, implementing holding company structures, buy-backs and capital reductions.
Her core specialism is in acting for sellers of businesses; supporting them through the complex process and ensuring they achieve the best outcome for their specific circumstances.
Charlotte focuses on providing bespoke advice, tailored to each client and their individual requirements. She aims to provide the highest possible level of client care, getting to know each client and their business to deliver the desired goal.
Notable transactions she’s advised on in recent years include:
Climate change is an undeniable global phenomenon with far-reaching consequences for our environment, economy, and society. While discussions often focus on its ecological and economic impacts, it is essential to recognise that climate change is also having a profound influence on property law. This article explores the potential impact of climate change in this context, highlighting the need for adaptation and innovation within the legal framework.
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In recent years the Government has applied a great deal of focus to the whole question of the funding of the civil litigation system and the ability of litigating parties to recover costs against opponents.
Funders gearing up to deal with the avalanche of broker commission claims in motor finance cases will likely be aware of a recent stream of negative decisions coming from the higher Courts on matters including the relevant limitation period for bringing claims, but there is some welcome news in a recent County Court decision on one of the key issues.