Unpaid debts are an unwelcome hazard of operating in the commercial world. The reality of working life is that operating in the private sphere exposes a business to the risk that their fees will not be paid, or that the terms of an agreement are not honoured. In other words, the business will become a creditor and must attempt to recover commercial debt.
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Blog posts tagged in no win no fee commercial debt recovery
Despite the recent revelations highlighting the extent of the delays and backlog of cases in UK courts, the latest set of financial results by specialist litigation funder Manolette suggests that demand is still increasing and that the litigation funding sector is in rude health, with new enquiry volumes doubling compared to the previous year.
...If you or your business is owed money by another business or individual, you can make an application to a court to claim the money that you are owed. This is known as making a court claim, and depending on your individual circumstances, there are two main types of court that you can register a claim with – the Small Claims Court and the County or High Court.
...It’s an unfortunate fact of business life that at some point, you may need to take formal legal action to recover monies owed to you or your business. There are two main approaches to collecting such debts; direct legal action through the courts, or appointing an external debt collection agency.
...It’s an unfortunate fact of business life that at some point, you may need to take formal legal action to recover monies owed to you or your business. There are two main approaches to collecting such debts; direct legal action through the courts, or appointing an external debt collection agency.
...If you or your business is owed money by another business or individual, you can make an application to a court to claim the money that you are owed. This is known as making a court claim, and depending on your individual circumstances, there are two main types of court that you can register a claim with – the Small Claims Court and the County or High Court.
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UK Lawyers to get Affiliate European Membership
Following the nations formal exit from the EU, a recent move by the Council of European Bars and Law Societies (CCBE) has been widely welcomed by UK-based law firms, barristers and lawyers. With the end of the Brexit transition period now passed, there were widespread concerns amongst the UK’s delegation to the CCBE that they would be demoted to 'associate' or 'observer' status, which would have severely affected its ability to take part. However, in a move welcomed by the Law Society and Bar Council, the CCBE has confirmed that it has created a new a category of 'affiliate' membership specifically for the UK.Originally founded in 1960, the CCBE represents over 1 million lawyers in the law societies and bars of 45 countries from the EU, the European Economic Area, and wider Europe. A CCBE spokeswoman said the 'affiliate' membership status... Read More
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David vs Goliath: Global Tyre Brand in Trademark Infringement Dispute
Japanese tyre and automotive parts manufacturer Bridgestone has threatened to take legal action against a one-man-band flooring company in Herefordshire over use of the ‘Bridgestone’ company name. The multinational corporation, the world’s second largest tyre manufacturer is headquartered in Kyobashi in Japan, and has production facilities in 24 countries. In contrast, tradesman Andy Bridgewater set up ‘Bridgestone Designs’ in his garden shed having been furloughed during the Covid-19 pandemic. Mr Bridgewater says he retrained to become a resin floor installer and invested all of his savings into setting up Bridgestone Designs two months ago. As a result, and despite the different nature and size of the two businesses, the tyre manufacturer has requested that he change the name of his company or face formal legal proceedings. Mr Bridgewater said that the similarity was pure coincidence. When setting up his business, he used... Read More
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Guide: Commercial Debt Recovery Options
Unpaid debts are an unwelcome hazard of operating in the commercial world. The reality of working life is that operating in the private sphere exposes a business to the risk that their fees will not be paid, or that the terms of an agreement are not honoured. In other words, the business will become a creditor and must attempt to recover commercial debt. It is common practice that in exchange for the delivery of a particular service or product, there is payment of a fee. This happens in a variety of contexts: the delivery of goods by a private courier; or the provision of specialist services by an individual of a particular profession or trade. Regardless of the facts, when a product or service has been provided there will be requirement for payment to be given in exchange. However when payment... Read More
