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Shareholders Financial Assistance Policies

Hogan Lovells

Assisting you with understanding the landmark judgment in section 45 financial assistance

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Section 45 of the Companies Act, 2008 , does not expressly define financial assistance but rather sets out a list of what financial assistance is which includes lending money, guaranteeing any debt or obligation, but has a...more

White & Case LLP

State of the art of the Italian liquidity measures – Keeping Italian Companies Alive?

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Over the last three months, the Italian Government has enacted a package of financial assistance designed to help Italian businesses survive the dramatic short-term effects of the coronavirus ("COVID-19") pandemic. The...more

White & Case LLP

The "Cure Italy" and "Restore Liquidity" Decrees: Keeping Italian Companies Alive?

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On 8 April 2020, the Italian Government enacted Law Decree no. 23 of 2020 (the "Restore Liquidity" Decree). In combination with Law Decree no. 18 of 17 March 2020 (the "Cure Italy" Decree), it provides businesses affected by...more

White & Case LLP

Africa Focus: Spring 2019 - Proposed amendments to South Africa's Companies Act

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Several of the contemplated changes may improve South Africa's business climate - The operation of South African companies is regulated by the Companies Act of 2008 (the Companies Act), which replaced the Companies Act of...more

Hogan Lovells

Can legal costs constitute financial assistance?

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It is not uncommon for a target company to bear the legal costs incurred by its shareholders in respect of a sale of its shares. On face value, this practice appears benign. However, an analysis reveals that this may fall...more

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