Date: 26/04/2016 | Corporate
However, it is also important to consider the ways in which your company could be at risk from external factors.
In February 2015 we published an article on the importance of lodging caveats to protect you and your business.
There are various scenarios in which someone could decide to raise proceedings against your company. They could take issue with a product you are selling, believe you are infringing their trade mark, or seek to force your company into liquidation for any number of reasons. Lodging a caveat ensures that you receive prior warning of any interim orders being raised against your company, allowing you to oppose such order and potentially prevent it from being granted.
Changes to the Scottish courts system mean that actions with a monetary value of £100,000 or less will require to be brought in a Sheriff Court, and not the Court of Session. As such it is important that caveats are lodged in the appropriate Sheriff Courts to provide your business with adequate protection.
Davidson Chalmers can lodge caveats on your behalf for a fixed fee of £50 plus VAT and court fees per caveat. Court fees are currently £36 per caveat in the Sheriff Court and £48 per caveat in the Court of Session.
The caveat remains in place for one year and, as part of the fixed fee, we contact our clients prior to their expiry to discuss renewal.
If you would like to arrange to have caveats put in place, please contact a member of our Dispute Resolution team on 0131 625 9191.
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