Leading Commercial Law Firm
Serving Manchester and Cheshire

Personal And Corporate Guarantees And Indemnities

We represent and advise lenders, investors and borrowers on a wide variety of matters.

In certain cases, a borrower may have limited assets with which to provide security. In such cases, it may be more appropriate to seek a personal guarantee from a director/shareholder and/or perhaps a cross-guarantee from other companies within the same group. It is important to ensure that the documentation is drafted properly and, from a lender's perspective, that the relevant guarantors are advised appropriately so that there can be no doubt as to the validity and enforceability of the guarantees taken.

Guarantees can also be important in your day-to-day business trading. If you, as a supplier, are continuing to provide goods to a customer and the credit terms are being extended beyond what is comfortable, you may want to consider taking a director's personal guarantee or a cross guarantee to support the customer's credit and to provide greater security.

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Key Contacts

Akeel Latif, Partner
0161 941 4000
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