Finance: Buy buy maybe
It is currently unlawful for a private limited company to provide financial assistance to the buyer of any of its shares. This rule was initially put in place to stop cash-rich companies from in effect purchasing themselves, with potential consequences for the shareholders and creditors of the company. Despite the existence of this legislation, there is currently a lengthy legal process that 'whitewashes' the transaction so as to permit the provision by a private limited company of 'financial assistance' which would otherwise be considered unlawful.
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