We represent and advise lenders, investors and borrowers on a wide variety of matters.
In certain cases, a borrower may have limited assets with which to provide security.
In such cases, it may be more appropriate to seek a personal guarantee from a director/shareholder and/or perhaps a cross-guarantee from other companies within the same group.
It is important to ensure that the documentation is drafted properly and, from a lender’s perspective, that the relevant guarantors are advised appropriately so that there can be no doubt as to the validity and enforceability of the guarantees taken.
Guarantees can also be important in your day-to-day business trading. If you, as a supplier, are continuing to provide goods to a customer and the credit terms are being extended beyond what is comfortable, you may want to consider taking a director’s personal guarantee or a cross guarantee to support the customer’s credit and to provide greater security.
How We Can Help
A member of our specialist team will be happy to help.
To discuss Personal and Corporate Guarantees and Indemnities issues, please either use the contact form on the right, email us at email@example.com or call us today on +44(0)161 941 4000 to speak to a member of our team.