Next month Tourmalet Consulting moves onto its fourteenth year of trading with plenty of activity to report. One clear theme that is emerging is the continued blurring of the line between personal and corporate liability. We are currently handing a large case where HMRC are seeking to impose personal liability on our director client and pointing to new retrospective legislation that they claim gives them power to do this. We disagree. Lenders to corporates are pushing harder and harder for ever wider personal guarantee commitments. We are currently challenging a whole range of personal guarantee claims – very few lenders...

News Update We continue to be very busy with a rich mix of instructions. Currently we are:- Working on a large corporate finance deal with an international element Advising on a while range of personal guarantee claims Working with a cutting edge social media firm Working on a third party costs claim Trying to resolve a dispute over a Cyprus property Working in a minority shareholder claim Advising on a failed film scheme   And on and on. Life is not dull. We offer unrivaled consultancy experience!

To give readers an idea of what we deal with (and therefore whether we can help) here is a snapshot of some of the work going through the office at the moment. Advising on a large historical bank claim against a client – the claim dates back to the property crash Resisting several personal guarantee claims Trying to resolve ownership issues in respect of overseas property (Cyprus) Dealing with fall out from two failed tax avoidance schemes Advising a very active building sub contractor on a number of contractual matters Dealing with attempts by HMRC to impose personal liability on...

Autumn seems to be the season of personal guarantees. Here at Tourmalet we are working on over twenty personal guarantee claims – all on behalf of guarantors. Time and again we are finding that the claims there guarantors are facing are seriously flawed. Many finance houses are failing to follow elementary processes in obtaining guarantees. Good advice is essential. We are working on a range of other projects including some large property funding transactions and corporate deals. We have over twelve year experience of providing advice to a wide range of corporate and personal clients. Every single client we have...

We continue to work on a wide variety of interesting projects. Tourmalet formed part of a team that saw a seven year court battle brought to a successful conclusion on the Court of Appeal in March 2017. We formulated a new approach to a complex legal dispute by developing the concept of equitable security – a valuable but often overlooked concept. We were able to convince the Court of the powerful priority rights of the beneficiary of the equitable charge. Charges and mortgages don’t always have to be in the form used by your local bank or building society! Sadly...