personal guarantee

contractual agreement

Personal guarantees in business

It is a standard term of a lease or terms and conditions of trade for the supply of goods or services, that a personal guarantee be provided to ensure that a business pays its debts. A personal guarantee is usually provided by the company director and can be any or Read more…

By Renee Stevens, 6 months ago

Liquidation

Holding company liability for insolvent subsidiary companies

When is a holding company liable for the debts incurred by its subsidiary company?

Holding or parent companies control the shares of other companies, being subsidiary companies. These holding companies can be liable for the debts incurred by their subsidiary companies, without having been involved in the transaction that incurred the debt. (more…)

By Renee Stevens, 3 years3 years ago

contractual agreement