Christopher Jones Archive

Customer contracts – unlocking financing potential

Invoice finance (invoice discounting or factoring) involves a financier advancing a certain amount of working capital funds against a company’s invoices. It is therefore essential for the financier to understand the make-up of the company’s trade debtors (and to some extent suppliers) and the terms on which the company contracts with them.

Loans to directors of private companies

Under the Companies Act 1985 (the “1985 Act”) all companies were prohibited from making loans to their own directors, directors of their holding companies or persons connected with such directors. Under the 2006 Act the general prohibition on making loans to directors was removed and all companies are now permitted to make loans to their own directors or to directors of their holding companies, provided that shareholder approval is obtained.
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