Ireland—How to arrange execution of the finance documents in a loan transaction
Published by a Lexis+ Ireland - Banking & Financial Services expert
Practice notesIreland—How to arrange execution of the finance documents in a loan transaction
Published by a Lexis+ Ireland - Banking & Financial Services expert
Practice notesThe lender's lawyers usually co-ordinate the execution of the finance documents either through a physical signing meeting or, more commonly these days, a virtual signing. However the documents are to be signed, the lender's lawyers will be responsible for co-ordinating the execution versions of the finance documents and making them available to all parties for execution.
The borrower's lawyers might be required to assist with the execution of the finance documents (or any other transaction documents requiring execution) by their clients.
While physical signing meetings still feature in the banking and finance space, they have become much rarer, having been replaced by the virtual execution of documents, including the use of electronic signatures.
Virtual execution
Following the English case of Mercury Tax Group v HMRC, the Law Society of Ireland has published guidance on appropriate methods of execution for virtual signings. It will be important to refer to the Law Society's Guidance on the ‘virtual’ execution of documents before arranging virtual execution to ensure that
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