Speed was of the essence when our client needed help when faced with trading restrictions
We acted for our clients in a claim against their former solicitors.
The solicitors had advised our client in respect of their acquisition of a lease of retail premises in a shopping village. The lease had been the subject of a variation of its terms by which the previous tenant had relinquished the exclusive right to sell certain goods. However, the solicitors failed to advise our client in respect of this variation.
Our client had suffered very considerable losses as a result of the fact that similar products were sold by other retail outlets at the shopping village.
We were instructed after our clients had consulted other solicitors at a point when they were in a very difficult position as there was less than a month left before the expiry of the statutory limitation period for commencing formal Court proceedings. We therefore had to take swift action to commence proceedings as a protective measure to preserve our clients’ interests. Further, we considered it essential for our clients to pursue their claim to instruct an expert forensic accountant to quantify the financial loss which they had suffered.
Following the completion of the report by the forensic accountant we then proposed a mediation of the case which, given the strength of the forensic accountancy evidence, the other party agreed to. The case was settled successfully at mediation without the need for the clients to be subjected to the stress of litigation.
The case was a demonstration of how to adopt the best tactics to obtain a swift and satisfactory result.
Please do contact Chris Longden for further information or advice.