gunnercooke Banking & Asset Finance Partner, Simon Murfitt on his top five reasons you should work with a specialist lawyer.  

Asset finance is complicated aspect of law, especially when you’re dealing with large and expensive items changing ownership.  

Simon J Murfitt, Banking & Asset Finance Partner is an expert on international banking & finance law. For more than 25 years he has worked with global corporate and individual borrowers and sponsors. Clients include traditional and alternative financiers; airlines, ship owners, and charterers; key aviation and marine industry service providers; national and international aviation and marine regulatory authorities, both governmental and NGO’s; insurers and high net worth individuals. His average client size in £25m-£50m range. 

Simon is currently acquiring new air ambulance helicopters for two separate UK trusts; working on a new convertible air access right product for property owners in England & Wales; sourcing funding for a new transatlantic VIP airline; and sourcing a new competitor for the Eurostar through the Channel.  

Read Simon’s top five reasons for investing in the right lawyer when dealing with asset finance.  

1. Value for money  

These assets are often expensive so if you’re going to get a legal expert to help, it makes sense to work with someone who understands this area of law and can help you to protect your assets without wasting your time and money.  

2. Dabbling is dangerous  

In the same way you wouldn’t ask a GP to remove your appendix, you wouldn’t get your non-specialised lawyer to support with your asset purchasing. While they may be well meaning, if they’re not familiar with this particular asset class, they may end up making mistakes which could cost you money or cause greater liability. 

3. You don’t know what you don’t know  

Asset finance, in particular in English Law is quite quirky, so you may buy something you’re not familiar with; this misstep could lead you into a quagmire of liabilities that your well-intentioned and experienced general lawyer would just simply not know anything about. 

4. Regulatory and procedural regimes  

It’s all about the correct regulatory and procedural regime. These assets are complicated and there are a variety of relevant authorities involved.  

5. Inexperience leads to higher costs.  

Inevitably, if you get someone inexperienced in the asset class involved, it will cost you money. It will take longer, become a more complicated process and be more expensive in the long run.  

Contact Simon through our website: https://gunnercooke.com/people/simon-murfitt/