Client secures payment from sibling after selling family owned property business | Cases | Knowledge Hub | B P Collins LLP Solicitors
Knowledge Hub | Cases

05 September 2016

Client secures payment from sibling after selling family owned property business

Craig Williams, partner in dispute resolution practice group was instructed to advise the former co- owner of a property investment business. He said:

"After our client sold her entire shareholding in the business, her sibling was due to make a final payment to her as deferred consideration. However, despite independent accountants confirming that the deferred consideration was due and owing, the payment was still withheld and a claim was issued at court."

Several allegations were made as part of the defence to the claim, all of which were easily rejected by B P Collins’ team of lawyers.

Before the case made it to a final trial, the team at B P Collins was able to convince the court that the sibling’s defence ought to be struck out as having no prospect of success, ensuring not only a huge cost saving for the client, but also a swift payment of the debt (by then including interest and litigation costs) in full.

Stay in touch

Phone: +44 (0) 1753 889995

Email: enquiries@bpcollins.co.uk

About cookies on our website

Our Site uses cookies to improve your experience of certain areas of the Site and to allow the use of specific functionality, such as social media page sharing. You may delete and block all cookies from this Site, but as a result, parts of the Site may not work as intended.

To find out more about our cookies policy, please visit here.

Click on the button below to accept the use of cookies on this Site (this will prevent the dialogue box from appearing on future visits).