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The Truth Behind “Just Needing Documents Witnessed” for Bank Guarantees 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… 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.
Why Loans to Your Own Business Still Require Proper Security 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… 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
How to Reduce Payment Fraud Risks with a Simple Security Step 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… Continue reading Quick Practical Tip for Increasing Security with Payments to Clients and Third Parties