Mike Lockton is a commercial litigator with particular expertise in Asset Based Lending (ABL) work in both contentious and quasi-contentious scenarios. Mike joined the firm in October 2015, having previously spent 6 years in the ABL Litigation team at Squire Patton Boggs (UK) LLP (formerly Hammonds LLP).
Mike has acted for a number of banks and other sales financiers on all aspects of ABL work, offering sound, commercial advice on any number of industry-related issues. He has a raft of experience in litigating all types of debt recovery actions as well as enforcing security documents against guarantors, warrantors or indemnifiers. Mike has litigated actions in a number of jurisdictions most notably in Scotland, Northern Ireland and Republic of Ireland.
Mike is also well-practised in managing and administering large scale collect-outs of sales ledgers on behalf of factoring companies and insolvency practitioners. Mike has also spent time on secondment to a leading independent invoice discounting company; he therefore has a first-hand understanding of the types of issues faced by companies within the receivables finance industry.
In addition to his experience in the ABL world, Mike also has experience of obtaining injunctive relief relating to employee fraud.
Examples of Mike’s experience:
- Defending a large corporate client against a multimillion pound claim brought by three of its ex-employees.
- Defending a finance company against claims that charges applied under its agreements constitute penalty fees.
- Managing a raft of claims against the debtors of a finance company with which the client had entered into a back-to-back facility.
- Assisting in the collation of evidence to obtain a freezing injunction against the directors of a customer of a well-known bank.
- Managing numerous claims brought in Republic of Ireland, requiring knowledge of the legal system in that jurisdiction.
- Managing the large scale collect-out of a £2.3 million sales ledger recovering circa £1.5 million of debts due.
- Obtaining delivery up orders by way of injunction and compensatory settlement against a rogue employee of a recruitment company, who was attempting to steal the client’s database.