At Waterstone our Insolvency Officers and managers are required to know the law, how it is applied and when to apply it.
Having a team of lawyers allows us to take litigation that would be otherwise uneconomic and has led us to generate results that are far in excess of what we could achieve if we were forced to rely solely on external counsel.
In most insolvencies we realise assets by selling goods, entire business units or recovering money from debtors.
Having a team of lawyers with a body of precedents built up over a decade allows us to settle disputes, sell businesses, land, assets or recover money from debtors, directors or insolvent transactions quickly and economically.
In many cases speed is the most important asset. Having immediate access to a lawyer to draft a settlement, a sale and purchase agreement or prepare a deed is the difference between securing a deal or losing it.
Knowing your rights and having the confidence to explain these rights to others is a powerful tool in resolving legal disputes. Having lawyers who know our business and have access to the
requisite legal databases to research has proved invaluable.
There isn’t much that is new under the sun and while new legislation can create uncertainty, in the majority of cases when a liquidator is facing a legal question that issue has been resolved either in the courts or by an academic somewhere.