Commercial Law Services

Commercial Law Services

Corporate Finance

If you are buying a company or business and are obtaining funding from a financial institution it may require certain security from yourself and your business. For instance, debentures from your company or a personal guarantee from you as director.

Depending on the size of the transaction, the financial institution may require the transaction to be overseen by their own solicitor.

Either way, you will require advice on the security documentation and you will need to produce specific board minutes.

For those that are aware of the old "white wash” procedure technically known as financial assistance, this was removed by the Companies Act 2006.  However this still may be required by certain financial institutions (known as "phantom financial assistance”) and you should ensure that your advisors, like myself, have full knowledge of this. 

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If you are in need of legal advice about any aspect of business and law, the commercial law solicitors at Clough & Willis are here to offer expert guidance. We have highly accessible offices in both Bolton and Bury.

Call us today on 0800 083 0815 to discuss any aspect of corporate law, or fill out our online enquiry form to request a call back at your convenience.


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