The claiment has amended his statement and it was agreed by their solicitor that they would pay for any costs that take place on my side due to extra solicitor time etc. We are in the process of asking for these costs now but if the claiment can't pay, do I have any way of stricking off the case as this will clearly show he doesn't have the money to pay for any of my expenses should I win the case?
I do have another question but will I need to pay more for an answer?
The Claiment and I had a business together. I sold my shares to him, as he wanted to carry on alone. In order to start the business I lent him money from one of my other businesses to cover his costs for refurbishment which he paid back when he had it. Now that the business is declining he is trying to sue anyone and everyone in order to aquire money. He is taking me to court saying I asked him for a personal loan. He has produced the bank receipts for payment into my other business account but says that 16 months later he didn't know it was a business account. Basically he is trying to say that the money he paid back for refurbishment was actually a personal loan. I have plenty of evidence and witnesses to say it was payback for this loan but he is approaching the court on the basis that it was personal. On our contract to end the business relationship we had a clause to say that after he took over we would not have any comeback on each other or be able to sue. From my side it is business related as payback to my company but as he says it's personal does the statement still stand? Clause below:
Each party agrees, on behalf of itself and on behalf of its Related Parties not to sue, commence voluntary aidin any way,prosecute or cause to be commenced or prosectuted against its other parties or its Related Parties any action, suit or other proceeding concerning any dispute controversy, or claim arising out of or relating to the Loan the company's and/or the subsidiary's affairs up to the date of this agreement ,in this jurisdiction or any other.
My solicitor is saying that it is very clear but if we do the stick off the judge may say he wants to see the whole case as this has been going on for a year now and my solicitor didn't realise about the clause until recently. I have already spent alot of money and the claiment put his house on second charge to pay his part for refurbishment although he is claiming that he put his house down to give me a personal loan that he claims I haven't paid back. Clearly no-one would put down their house for anyone else on a personal loan especially without any contracts etc. What do you think a judge would say if I went for a stike off now? What are my chances and I do have concerns that if I do win then he will not be in a position to pay back any of my costs for solicitors etc - due to his financial situation.
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