Chris was the mediator in a £255,000 claim by a corporate customer against a bank for misrepresentation in relation to a loan facility for a hotel (misunderstanding about the applicable interest rate). Claim settled at mediation.
Chris was the mediator in a £1.5m personal guarantee recovery claim by a bank against the former director of a substantial construction company, by now in Administration. Also a further £260K PG claim in respect of a second construction company. Substantial differences of opinion about valuation of a property portfolio, including undeveloped land and numerous penthouse apartments. Alleged impecuniosity also a factor. Settlement discussions on-going following the mediation.
Chris was the mediator in a bank's £640,000 claim against one of four personal guarantors of a defunct company's invoice discounting/finance arrangement. There were certain legal issues around the validity of the guarantee, and factual issues about what assets the guarantor had available. Negotiations on-going after the mediation.
Chris was the mediator in a £350,000 bank's claim against the alleged debtor under a stock finance agreement (caravans/motorhomes). Settlement discussions on-going after end of mediation.