£35k
Transaction at
Undervalue   

header 986

 
   

 IP Firm

London Boutique Recovery Specialist

 

Type of Investment

Funding the Office Holder

Start Date
October 2012

Completion Date
November 2012

 

       
   
 

The Office Holder had identified the sale at an undervalue of two valuable well-known High Street restaurant franchises to the Directors’ Newco prior to the insolvency of the original company.

For over 12 months the lawyers for the Directors had refused to engage in commercial discussions with the IP.

The claim was relatively small and so the Office Holder was wary of the high costs of litigating the claim using CFA and ATE financing. If the Office Holder issued the claim, the other side had threatened to apply for an immediate ‘Security for Costs’ application.

Once Manolete Partners agreed to fund the case the other side were immediately notified. The other side knew that Manolete’s policy is to pursue claims to trial and that the IP could now defeat any ‘Security for Costs’ threat. They immediately saw sense in entering negotiations with the Office Holder and his legal advisers. Within just three weeks of signing the Funding Agreement with Manolete, a sensible commercial settlement had been reached. Given the speed of completion the legal costs were minimised on both sides.

“I must say, we found it remarkable how quickly
we were able to resolve this after we have got
Manolete involved”.

– QUOTE FROM THE OFFICE HOLDER

 
 
£35k
Transaction at
Undervalue   

header 986

 
   

 IP Firm

London Boutique Recovery Specialist

 

Type of Investment

Funding the Office Holder

Start Date
October 2012

Completion Date
November 2012

 

       
   
 

The Office Holder had identified the sale at an undervalue of two valuable well-known High Street restaurant franchises to the Directors’ Newco prior to the insolvency of the original company.

For over 12 months the lawyers for the Directors had refused to engage in commercial discussions with the IP.

The claim was relatively small and so the Office Holder was wary of the high costs of litigating the claim using CFA and ATE financing. If the Office Holder issued the claim, the other side had threatened to apply for an immediate ‘Security for Costs’ application.

Once Manolete Partners agreed to fund the case the other side were immediately notified. The other side knew that Manolete’s policy is to pursue claims to trial and that the IP could now defeat any ‘Security for Costs’ threat. They immediately saw sense in entering negotiations with the Office Holder and his legal advisers. Within just three weeks of signing the Funding Agreement with Manolete, a sensible commercial settlement had been reached. Given the speed of completion the legal costs were minimised on both sides.

“I must say, we found it remarkable how quickly
we were able to resolve this after we have got
Manolete involved”.

– QUOTE FROM THE OFFICE HOLDER

 
 

header 986

Transaction at
Undervalue

 IP Firm

London Boutique Recovery Specialist

 

Type of Investment

Funding the Office Holder

Start Date
October 2012

Completion Date
November 2012


The Office Holder had identified the sale at an undervalue of two valuable well-known High Street restaurant franchises to the Directors’ Newco prior to the insolvency of the original company.

For over 12 months the lawyers for the Directors had refused to engage in commercial discussions with the IP.

The claim was relatively small and so the Office Holder was wary of the high costs of litigating the claim using CFA and ATE financing. If the Office Holder issued the claim, the other side had threatened to apply for an immediate ‘Security for Costs’ application.

Once Manolete Partners agreed to fund the case the other side were immediately notified. The other side knew that Manolete’s policy is to pursue claims to trial and that the IP could now defeat any ‘Security for Costs’ threat. They immediately saw sense in entering negotiations with the Office Holder and his legal advisers. Within just three weeks of signing the Funding Agreement with Manolete, a sensible commercial settlement had been reached. Given the speed of completion the legal costs were minimised on both sides.

“I must say, we found it remarkable how quickly
we were able to resolve this after we have got
Manolete involved”.

– QUOTE FROM THE OFFICE HOLDER