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LPC Law Notes Business Law and Practice Notes

Financial Assistance Notes

Updated Financial Assistance Notes

Business Law and Practice Notes

Business Law and Practice

Approximately 649 pages

A collection of the best LPC BLP notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".

In short these are what we believe to be the strongest set of Business Law and Practice notes available in the UK this year. This collection of notes is fully updat...

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Financial assistance 1) Has there been an acquisition of shares? 1) Applies to a share sale 2) Applies to a share issue 2) Is this a company to which the prohibition applies? 1) The target company is a public company s.678(1) and (3) CA 2006 a) The prohibition applies to the target public company itself; and b) Any subsidiary of the target company, whether private or public 2) The target company is a private company s.679(1) and (3) 3) Is the target or its subsidiary giving direct or indirect financial assistance? 1) Financial assistance by way of gift (direct) - s.677(1)(a) 2) Financial assistance by way of guarantee, security, indemnity, release or waiver (indirect) - s.677(1)(b) 3) Financial assistance by way of loan or similar agreement (direct) - s.677(1)(c) 4) Any other financial assistance where the net assets of the company are reduced by a material extent by giving financial assistance - s.677(1)(d) 4) When is the financial assistance given? 1) Before or at the same time as the acquisition for the purpose of the acquisition - s.678(1) and s.679(1) 2) After the acquisition, for the purpose of releasing or discharging a liability incurred for the acquisition - s.678(3) and s.679(3) a) The prohibition only applies to any public subsidiary of the target company

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