Part E Guarantees and Security, 38 Transactions Between Companies and their Directors
From: The Law and Practice of International Banking (2nd Edition)
Charles Proctor
- Subject(s):
- 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.
