All articles by Daksha Mistry

Daksha Mistry

Relief from forfeiture grows in asset finance

The court remedy allows customers another opportunity to perform their obligations, despite the finance companies having contractual rights of termination and recovery of their goods, writes Daksha Mistry The increasing use of relief from forfeiture in the asset finance sector has been highlighted by the number of cases that have appeared in the courts. In the case of Transag Haulage v Leyland DAF Finance PLC (1994), there were three hire purchase contracts that were nearly at their natural end, but were terminated as a result of the business going into administration

Fighting fraud together

If the answer is nothing, then you may soon find yourself joining forces with other parties to change this.