A complex commercial debt

We acted in relation to a dispute between a successful company who supplied fixings and other products in the building industry. A complex dispute arose involving issues of contract and the terms of a consignment agreement. The other party to the dispute took a robust approach and served a Statutory Demand which we advised was inappropriate. A lengthy witness statement and substantial exhibits were prepared on behalf of our clients and a threat was made to issue an injunction to restrain the presentation of a winding up petition unless the other side backed off. This was a successful strategy and no further claim was made.

The case was of substantial importance to the clients who ran a successful and expanding business and a winding up petition, had it been issued, would have caused substantial damage to the reputation of the business.

 

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