Litigation

Optima Legal retains CSA Collector Accreditation Initiative status for fifth year running

Optima Legal retains CSA Collector Accreditation Initiative status for fifth year running

Optima Legal’s Litigation and Recoveries Department, based in Leeds have successfully retained the CAI ‘Company Accreditation’ status for the fifth year running. 

Benchmarked against the highest industry standards and awarded by professional trade body the Credit Services Association (CSA), the Collection Accreditation Initiative (CAI) demonstrates the continuous professional standard of our litigation and recoveries team members and organisation. 

EU Data Protection Legislation

EU Data Protection Legislation

Unintended consequences and the potential impact on the credit and debt market

The proposed EU data protection legislation threatens to change fundamentally the way lending decisions can be made. In this white paper, we consider the unintended consequences of the proposed legislation and the potential impact on the UK’s credit and debt market.

 

Litigation and insolvency in the debt purchase market

Litigation and insolvency in the debt purchase market

In this Whitepaper we look at the debt purchase market and the strategies and tactics being used to recover unpaid debts in a challenging market.

Managing misselling

Managing misselling

Claims regarding PPI may be starting to dwindle but the controversy provides some valuable lessons in how lenders should deal with misselling claims.

Payment Protection Insurance (PPI) has never been far from the headlines. Lenders have shelled out more than £12.9bn in compensation since January 2011, according to the Financial Conduct Authority (FCA), as claims management companies (CMCs) went after lenders on behalf on individual clients.

Third party payments for mortgages - what are your obligations?

Third party payments for mortgages - what are your obligations?

A significant Court of Appeal case, won by Optima Legal, has given lenders a clearer sense of their position when accepting mortgage payments from third parties.

As pressure mounts on personal finances, it may not come as a shock that banks and building societies receive many thousands of mortgage payments every day from someone other than the contracted borrower.

Third party payments, however, are not always simply a case of a white knight helping out an indebted borrower.

 

Recovering Money from Foreign debtors, is it really worth it?

Recovering Money from Foreign debtors, is it really worth it?

The process for recovering money from obstructive or uncooperative foreign debtors is not as difficult as it may first appear. Together with Pierre Haincourt from Credit Limits International we explain the options available.

A leaner landscape

A leaner landscape

Creditors have sized up and sharpened their panels - and for lawyers it’s been no different. What's left is a set of clearer, coherent strategies for litigation in future, amid an onslaught of rule changes. Finding and delivering the right outcome for consumers. This phrase, or familiar versions of it, has become the penchant of directors heading up creditors' recoveries teams across the board. 

The Rise of the Litigant in Person

The Rise of the Litigant in Person

Much has been spoken and written about the 2013 Jackson reforms, with the focus invariably being on funding and costs-related issues, but there are other consequences of the changes which have entered through the back door with much less fanfare.

How can I take steps to avoid contractual disputes and claims made against the firm?

How can I take steps to avoid contractual disputes and claims made against the firm?

When entering into a contract to supply goods or services, it is always worth taking the time over the Terms and Conditions which will govern the business relationship. Much clarity and precision at the outset can save lots of time in the event of a dispute further down the line, and assist in recovering quickly any unpaid or late invoices. Certain points in relation to this are worthy of closer examination.

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