The area of commercial disputes encompasses a huge area of law, from contracts to financial law to corporate governance to credit regulation and equity – thousands, if not millions, of lawyers make their living as commercial law specialists.
But when you’re trying to recover money from a debtor, the law isn’t always your friend.
First, there’s the issues of cost and time – and we all hate the idea of throwing good money after bad – and then there’s the prospect of obtaining a judgment but being unable to actually recover any funds. Finally, even if you do get your money but the debtor ends up in liquidation there’s the potential that a liquidator will come chasing a preferential payment.
It’s an absolute minefield.
However, because we understand insolvency law, and because we understand that debtors don’t really want to have people chasing them constantly, we have a range of different strategies that we can apply to the different scenarios that we encounter – all of which are designed to get creditors the best possible return and to make sure that you get to keep the money that we recover for you.
Similarly, we often assist debtors in preparing and presenting offers to creditors that make good commercial sense, helping everyone to avoid litigation, excessive costs and uncertainty.
It’s all about understanding complex problems, and the potential pitfalls of the various options available, to design simple solutions that work.