Bermans is a specialist law firm based in the United Kingdom, renowned for its expertise in asset-based lending and invoice finance. They provide legal services to a wide range of financial institutions, including banks, independent lenders, and private equity firms, as well as businesses seeking to access finance.
A core focus of Bermans’ finance practice is acting for lenders in secured lending transactions. This involves advising on the structuring of finance agreements, conducting due diligence on borrowers and their assets, and preparing security documentation to protect the lender’s interests. Their experience covers a broad spectrum of assets, from traditional areas like property and plant machinery to more specialized areas like intellectual property, inventory, and receivables.
In the realm of invoice finance, Bermans assists both factors and their clients. They understand the intricacies of invoice discounting and factoring agreements, providing advice on the legal aspects of these arrangements, including the assignment of debts and the perfection of security interests. They also advise on disputes that may arise in relation to invoice finance, such as issues surrounding invoice validity or debtor insolvency.
Bermans’ strength lies in its deep understanding of the asset-based lending market. Their lawyers stay abreast of industry trends, regulatory changes, and the latest case law. This enables them to provide practical and commercially focused advice to their clients, ensuring that their transactions are structured effectively and comply with all applicable laws. Their team is comprised of experienced legal professionals who possess a strong track record in advising on complex financial transactions.
Beyond transactional work, Bermans also provides contentious legal services related to finance. They represent lenders in recovery actions, including debt recovery proceedings, enforcement of security, and insolvency-related matters. Their litigation team has experience in pursuing claims against borrowers, guarantors, and other parties involved in financial transactions. They are skilled at navigating the complexities of the legal process to achieve the best possible outcome for their clients.
Furthermore, Bermans offers advisory services on regulatory compliance for financial institutions. They help lenders understand and comply with regulations such as the Consumer Credit Act, the Financial Services and Markets Act, and anti-money laundering legislation. This ensures that their clients operate within a sound legal framework and mitigate the risk of regulatory sanctions.
In summary, Bermans provides a comprehensive range of legal services to the finance industry, specializing in asset-based lending and invoice finance. Their expertise covers transactional work, contentious matters, and regulatory compliance. With a strong understanding of the market and a team of experienced lawyers, Bermans is well-positioned to assist lenders and borrowers in navigating the complexities of the finance landscape.