Finance company clawbacks

legal updates

It is not uncommon for finance agreements to include a clawback clause.

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Given the current economic climate it is no surprise that finance companies and the like are attempting to clawback money allegedly owed.

Indeed, Lawgistics have recently seen an influx of cases relating to finance companies attempting to clawback monies owed under finance agreements and transactions, some backdating years. 

It is not uncommon for finance agreements to include a clawback clause, stipulating that money paid over must be returned in special circumstances or events and within a specified time limit. The contract will need to be closely scrutinised to determine whether there is legal ground to recover any amount claimed. 

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Katie PlemonsSolicitorRead More by this author

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