News and Events

Industry spotlight: Legalities and TDVs

22/04/2013

Several of the asset based finance industry’s risk managers and auditors gathered at the office of Charles Russell LLP last week for Hilton-Baird Audit & Survey’s latest Audit Forum.

The biannual event delves deep into the evolving challenges facing risk management teams in the industry, with delegates sharing their recent experiences and discussing ways in which processes can be improved.

This Forum focused on two key areas. The first was the importance of telephone debt verifications in protecting the funder’s position in the context of widespread late payment. Meanwhile, Simon Mills, a commercial law barrister at Five Paper, also provided some insight into the legal technicalities of invoice finance, particularly in a collect out situation.

Download the report here...

Thank you to each delegate for their contributions and to James Hyne and Charles Russell for their hospitality.