As with any financial facilities asset based lending is not
without its risks. There is always the risk of a failure to repay
monies advanced due to insolvency and also various risks revolving
around debtor payment and the flow of cash from assigned debts.
Fraud is a particular risk to receivables financing and even more
so with invoice discounting. Our team of lawyers has years of
experience in dealing with and advising on how to minimise the risk
of fraud, from drafting of documents, structuring security, audit
and operational advice and training for your staff.
Should you be the victim of fraud our lawyers have a wealth of
experience in obtaining recovery of your assets, liquidating those
of your client if necessary, asset tracing and recovery, including
the use of injunctions and preserving of assets pending their
disposal following the successful prosecution of court proceedings.
In addition we have experience in advising you upon and dealing
with the media interest that may arise and any insolvency issues
that may follow for your client. These include dealing
with administrators and liquidators to ensure you maximise your
potential recovery and your rights are enforced.
