Areas of Law / Consumer Law

We paid a £10,000 deposit on a piece of high-tech equipment, but the manufacturers went into liquidation before we could take delivery. Now the company’s assets have been removed to Switzerland by the firm’s parent company there. What chance do we have of either getting our equipment or our money back?

You may be able to come to an arrangement with the head office in Switzerland to get your equipment if it’s still being manufactured. The firm’s assets should not have been removed from this country if it was trading as an independent company; they should have been sold off by the liquidator to meet debts such as yours. Your first port of call will be the liquidator’s office to find out what action he is planning.

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