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There is a very common, reoccurring urban (actually commercial) myth that, if ever a client receives bank documents* for signing, they either: are ‘advised’ (by a non-lawyer…), or somehow, completely misguidedly, believes, they only need such to be “witnessed by a lawyer.” Sidenote: they almost-always are at the last minute and ‘urgent’ too. What’s often involved… Continue reading You don’t need a lawyer, if you “just need bank guarantee documents witnessed”!
Category: Loan & Security Arrangements
Finance Security Tip: ‘On Loans’ by a Party to their Related Entity.
Very commonly individuals personally-borrow money and then loan that money on to their new entity to say: buy a business, acquire equity, help provide a loan for working capital to help privately fund their business etc. However I still find it very rare that (despite their being a ‘bank’ for their business entity and usually… Continue reading Finance Security Tip: ‘On Loans’ by a Party to their Related Entity.
Quick Practical Tip for Increasing Security with Payments to Clients and Third Parties
In light of the recent ‘hacking’ of a conveyancer’s IT system and payee details (no it wasn’t a failure by the PEXA system see – PEXA says platform remains secure), here’s some suggested, relatively-easy additional security steps your business could take when intending to make any such payments or transfers. As you may appreciate that, with… Continue reading Quick Practical Tip for Increasing Security with Payments to Clients and Third Parties