What is a Personal Guarantee?
A personal guarantee is a promise that is usually provided by a director of a company, making the director personally liable for the payment of money or compliance with obligations on behalf of the company.
Appointing a Corporate Trustee in a Family Trust
Corporate trustees have many benefits, such as limited liability and easy succession, when appointed as trustees in discretionary (family) trusts.
Ipso Facto Clauses: What You Should Be Aware Of Before Entering Into a Contract
An Ipso Facto Clause, also referred to as a termination clause, establishes a contractual right for one party to terminate or amend the contract when an insolvency-related trigger event occurs.