14.01 This book seeks to be of use to practitioners and others involved in commercial transactions, as well as in court and arbitration proceedings where set-off may be relied upon. The archetypal situation is where the main claim is being enforced by the main creditor, either in court proceedings or in arbitration, and the issue arises as to whether a cross-claim can be raised as a complete or partial defence to that claim. However, the issue may also arise outside proceedings, where the main debtor wishes to rely on set-off as whole or partial payment of the...
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