The repercussions of financial distress can be felt far and wide. You need to know what steps to take to protect your business against the risks associated with the failure of other businesses. They might be a key customer, a supplier or a contractual counterparty. What do you need to look out for?
In this session, we’ll look at the commercial and legal risks associated with counterparty distress and consider:
What are the early warning signs of financial trouble?
What steps can you put in place to try to better your position?
If things do go wrong, should you bring the relationship to an end?
What might stop you terminating a contract? What should you do if you can’t simply walk away but have to keep supplying an insolvent customer?
If you’ve supplied goods, can you get them back? Do you want them back? How effective are retention of title clauses really?
What can you do to make sure your sensitive data does not fall into the wrong hands? Can you get it back?
Do you understand variances in insolvency risk across your counterparty portfolio, based on where they are incorporated and/or operate, where goods are supplied or the governing law of any supply agreement?
Who will this seminar be of interest to?
Anyone involved with preparing or negotiating contracts between commercial counterparties.