3 ms·
> How can you make it illegal for the business to get a loan? That would also be legal. But if you take the assets out of the daughter company you would go to
by yread 4mo ago
> How can you make it illegal for the business to get a loan?
That would also be legal. But if you take the assets out of the daughter company you would go to prison for
https://web.archive.org/web/20141030194421/http://www.sfo.gov.uk/fraud/what-is-fraud/corporate-fraud/asset-stripping.aspx https://web.archive.org/web/20141030194421/http://www.sfo.go...
- elevation 4mo agoThe daughter company would presumable be allowed to purchase goods and services. What prevents those goods and services from being supplied (at a hefty markup) by another company under PE control?
- yread 4mo agoIf it's done for the purpose of defrauding debtors of the daughter company, the law