New Rules On Financial Assistance

Mondaq Business Briefing › United Kingdom Law Articles in English (2008)

Author: Ms Sarah Scarlett

Author position: Penningtons Solicitors LLP

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New Rules On Financial Assistance

Before October 2008, it was unlawful for a company, or

its subsidiary, to give financial assistance for the purchase of

its own or any shares in its holding company.

This restrict...

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