1
Type
Speaker
CPD Hours Level
Seminar 6 IntroductionInformation
Accreditation Information
SRA Competency B

Introduction

One of the main reasons for forming a company is to limit liability. This advantage is effectively lost to the extent that directors have to give personal guarantees.

Directors will often have no option but to give guarantees if their company wants to borrow money or rent premises. In addition company directors are often asked to give guarantees to suppliers of goods and services and in a wide range of other situations.

Despite being so common, when a company gets into difficulties, the director’s guarantees are frequently the subject of litigation.

This course will address what is needed for a binding guarantee and what additional features are often added to enhance the position of the creditor.

It will also cover the issues that frequently arise when guarantees are given by two or more directors. The course is aimed at commercial lawyers but will also benefit those concerned with advising creditors and directors both before and after the guarantee has been entered into.

What You will Learn

This course will cover the following:

  • The differences between different types of guarantees and indemnities and why it matters
  • How to draft an effective guarantee as a stand-alone document or as part of a larger agreement
  • The effect of recent changes on guarantees in leases of business premises
  • What is required to give independent legal advice to a director about a guarantee without exposing you to claims
  • Some of the difficulties in enforcing/ways of avoiding payment under a guarantee
  • When the director can recover their payments under the guarantee from the company or a co-guarantor

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Seminar | 27.11.2019

Leeds | 9:30am - 5:15pm


Directors’ Guarantees - An A to Z Introduction

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Nov
27
2019
Leeds
9:30am - 5:15pm
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Added to basket

Seminar | 24.01.2020

London | 9:30am - 5:15pm


Directors’ Guarantees - An A to Z Introduction

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Jan
24
2020
London
9:30am - 5:15pm
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Prices (ex VAT)
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Plan Information
£216
Season
Ticket Information
£240
Standard
£480
Group bookings
Discounts are available for multiple places and if you have 5 or more people interested in this course and would like to discuss holding it in your area or on an in-house basis then please email us at information@mblseminars.com
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