whitewash resolution


Definition
A term used in Europe to refer to a specific portion of the corporation act (called the Companies Act in Europe). This portion of the act indicates that a specific resolution must be passed before a company being bought out can provide financial assistance to the company which is buying it out. This is to prevent companies from taking advantage of the companies they are buying out.

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whitewash resolution is ...

... part of the Law & Estate Planning and Mergers & Acquisitions subjects.

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