ELS Legal’s second damages based agreement was undertaken for a Chinese client. The client produced electronic scooters in Shanghai. Over a few years, the client invested a significant amount of money into a UK company that was producing Lithium batteries.
However, it quickly transpired that the British manufacturer could not produce the batteries at the specification or volume requested by the client.
“The Chinese client did not know what to do as they had little experience of the English legal system and did not want to risk throwing more money at it. They had effectively written of the debt,” said Richard.
“Within three months, I had achieved an excellent settlement for the client. It was a great result for us, and a great result for them.”
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