TRADE CREDIT CLAIMS

Lee & Lyons has developed a strong practice in advising on claims under Trade Credit Risk policies. Lee & Lyons' services in this area include advice in relation to policy response and advising on quantum, recovery actions, and advising on various issues under the Corporations Act particularly in relation to preferential payments.

In addition Lee & Lyons advises and represents insurers and insureds in determining retention of title claims.

Some recent examples of Lee & Lyons' experience in Trade Credit claims include:

• Acting on behalf of a trade credit insurer to resist preference payments claims made from liquidators.
• Acting on behalf of an international electronic appliance manufacturer resisting a claim from the liquidator in relation to constructive delivery of items ordered from the liquidated company's "virtual warehouse".