Settlement reached in commercial dispute over Bell Jet Ranger Helicopter
Elysium Law have been successful in recovering a Bell jet Ranger Helicopter valued at nearly £300,000 for one of our high net worth clients.. The helicopter had been retained in pursuance of an alleged debt owed by our client. In fact upon investigation of the Claims, it transpired that the Claimants had no locus in that the debt if it did exist was that of a company now in liquidation.
We advised our client to issue a mandatory injunction and we were instructed to draft the appropriate application following a lengthy advice upon the principles and prospects of obtaining the order.
Upon the threat of the proceedings and following negotiations between the parties the possession issue was resolved by a Settlement Agreement. The helicopter was collected by agreement. This saved Our Client considerable time and costs.
We are still retained as far as any substantial debt is concerned.