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Part E Guarantees and Security, 38 Transactions Between Companies and their Directors

From: The Law and Practice of International Banking (2nd Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 01 July 2022

Regulation of banks

Banks must exercise care when asked to fund transactions between a company and one of its directors, or a person connected with such a director. The Companies Act 2006 contains provisions designed to enforce the principle of fair dealing as between a company and its directors. This chapter discusses rules on substantial property transactions and transactions involving directors.

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