THE BASICS: WHAT IS “SET OFF”, AND WHEN DOES THE RIGHT TO SET OFF ARISE?

On 6th August, Gowling WLG published the latest in its Basics guides, saying that, in certain circumstances, if a claim is proven, the defendant will be able to offset monies that are due to it from the claimant – this is known as set off.  The article covers the basics of set off, including the different types of set off and key points you need to know.

https://gowlingwlg.com/en/insights-resources/articles/2019/what-is-set-off-and-when-does-the-right-arise/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s