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Forewarned Is Forearmed

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Vincent

With all the recent talk of economic recovery it has never been more important to protect your business. There are many ways to review and reduce these risks.

Caveat

Consider the following scenario. You arrive at work on Monday morning to discover that one of your suppliers has secured the appointment of a liquidator from the court. Or, equally distressing, a sheriff officer appears at your door with another form of court order in his hand - an interdict - stopping you from carrying out a key part of your business activities.

By lodging a form of legal early warning system known as a 'caveat', you are entitled to receive advance notice should anyone apply for an interim interdict or interim winding up order against your business, or an order for sequestration against you in the Scottish Courts.

This corporate early warning system should operate as a fundamental part of every company's risk management strategy. For more information please contact Julie Hamilton.

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