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US firm stalls in bid to recover debts bought from Clydesdale

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An American company that bought close to £1 billion of loans from Clydesdale Bank between 2015 and 2016 has failed in a second attempt to bankrupt a Scottish couple in a bid to call in their debt. The case relates to a loan that Barry and Susan Peart took out in 2007 in order to acquire and refurbish a new house. Promontoria, an entity owned by US firm Cerebus Capital Management, succeeded Clydesdale Bank as a creditor on that loan when it acquired the portfolio of debt from the bank. When the firm attempted to recover the debt, however, the...
  183 Hits
183 Hits

Standing Out - MBM Commercial's Food and Drink Conference


  MBM Commercial's Food and Drink Conference, 'Standing out: creating and investing in the food and drink businessses of tomorrow' was a great success yesterday with a fantastic line up of speakers.   The conference, held at the Merchant's Hall in Edinburgh, covered several key themes within the industry incuding technology, branding & marketing and investment for Food and Drink businesses. The speakers included Ian Stirling of Muckle Brig, Daniel Rodgers of QikServe, Ryan O'Rorke and Assean Sheikh of Flavourly, Richard O'Connor of Chocolate and Love, Matt Chapman of Contagious and Dennis Overton of New Wave Foods t/a Shore.   ...
  118 Hits
118 Hits

MBM Commercial's Cat MacLean called as expert witness over Treasury plans for financial tribunal system

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MBM Commercial’s   Cat MacLean  will this afternoon appear before the  Treasury Select Committee  as an expert witness to give evidence on SME Finance at the Financial Services Tribunal. The Treasury Select committee are questioning  Blackstone Chambers ,  3 Hare Court Chambers  and MBM Commercial to investigate the behaviour of the banks, particularly around resolving disputes and whether there is a need for a financial tribunal system. Cat MacLean heads up MBM’s Dispute Resolution Team, and has been litigating against large financial institutions since 2008. She is a Panel Member of The Independent Monitoring Panel of the Chartered Bankers Professional...
  88 Hits
88 Hits

Class Action Law to help Clydesdale loan-sale claimants

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Partner and head of Dispute Resolutions, Cat MacLean, features in The Herald today discussing how class action legislation will make it easier for individuals to seek redress from financial institutions:   http://www.heraldscotland.com/business_hq/16197542.Class_action_law_to_help_Clydesdale_loan-sale_claimants/   MBM Commercial are hosting our Financial Claims Networking Group next week, alongside Lending Standards Board Chief Executive David Pickering and Compliance Head Liz Thompson, to discuss the issues faced by bank customers whose debts have been sold on to third parties.  
  165 Hits
165 Hits

MBM Commercial LLP support leading university programme to attract next generation of entrepreneurs with Converge Challenge

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MBM Commercial is delighted to be sponsoring the 2018 company creation programme, Converge Challenge, now in its eighth year. MBM Commercial, along with other key sponsors, attended the successful launch event this week. Converge Challenge is aimed at staff, students and recent graduates from all Scottish universities, inspiring them to develop their ideas into viable and successful ventures. The competition attracted over 200 entries in 2017. Between 2011 and 2016, the programme provided training to 180 Converge businesses that have an overall survival rate of 78% post three years with an opportunity for applicants in Converge Challenge to go from...
  645 Hits
645 Hits