There has been much debate and comment amongst invoice financiers and others following the recent landmark decision of the High Court in BHL v Leumi ABL Ltd [2017] EWHC 1871 (QB), but we have to point out that the decision did not come as a surprise to everyone.
Escalate, Bermans ground-breaking commercial dispute resolution process for SMEs, has been named ‘Innovation of the Year’ at this year’s British Accountancy Awards.
July 2013 heralded the introduction of fees in the Employment Tribunals (ETs) and Employment Appeal Tribunal (EAT), with the Government proclaiming its aims were to discourage claimants from pursuing weak “nuisance” claims and to reduce the cost of the system to the tax. While at first glance these would seem to be perfectly reasonable objectives, there was in fact a steep drop in the level of claims by around 66-70%, with ACAS reporting that 1 in 10 potential claimants that contacted them decided against issuing a claim specifically because they could not afford the fees, which at up to £1,200 were not insubstantial.
Many businesses will take on business premises for a fixed time period and then only consider important milestone dates once they arrive, sometimes using a reminder from their landlord as a trigger.
Bermans can help you take control of the process and put you in a better bargaining position with your landlord by considering all options. We are offering a FREE lease review service and have created this simple step by step guide to help you.
Whilst being nothing new to the market place, the Enterprise Investment Scheme (EIS) introduced over 20 years ago has been the launch pad for many ideas and developments that have gone on to bring great return and growth for small high risk companies that would have otherwise struggled to raise debt or equity finance.
In the case of BHL v Leumi ABL Ltd [2017] EWHC 1871 (QB) the High Court required an invoice discounter to refund excessive collection fees charged after the administration of Cobra Beers Limited.
1 October 1987, a typical grey autumn day in Manchester, a far cry from the hurricane-strength winds that buffeted Britain exactly 2 weeks later. But a big day for me; after 6 years of study and training, I was finally admitted as a solicitor. I had a moderately exciting morning serving a search order on a defendant although the location (a block of multi-storey flats) was about as unglamorous as it could get!
The Law Gazette recently shared this article titled ‘Low-cost Manchester mediation pilot aims to ‘fill a gap’ which discusses a new initiative involving the launch of new a pilot scheme encouraging mediation as a less costly way of resolving civil disputes.
Nick Harvey Partner and Head of Litigation, comments on this recent article, whilst discussing Bermans new dispute resolution product – Escalate.
Gayle joined Bermans in August 2017 and is a Litigation Executive in our Creditor Services team.
She has over 25 years experience of producing and managing court process for a variety of commercial clients and has worked extensively for clients in the asset based finance market.
Gayle predominantly deals with undefended and process driven claims.
In one of the most important legal decisions in recent years in the employment field, the Supreme Court has allowed the appeal of UNISON in its challenge to the introduction of employment tribunal fees.