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

On 6^th 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/

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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 View all posts by raytodd2017