Knowledge Hub | Cases and deals

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.

Craig Williams

Craig Williams

Tel: 01753 279037 | 07894 607844

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