this product is unavailable for purchase using a firm account, please log in with a personal account to make this purchase.

Select from any of the filters or enter a search term
Calendar
Calendar

Remote signing protocols for financing transactions

Remote signing protocols for financing transactions

By LIV Media

0 Comments


Increasingly these days, documents are circulated for execution by email, rather than by having parties come together to sign the same hard copies. It may not always be clear, however, that documents executed in this way can be legally effective – particularly if a statutory signing formality applies, or if they are intended to take effect as deeds.

An informal committee of practitioners from five firms (Allens, Ashurst, Herbert Smith Freehills, King & Wood Mallesons and Norton Rose Fulbright), known as the Walrus Committee, has developed a set of signing protocols that are designed to enhance the prospects that documents signed remotely will be legally effective. The firms are sharing the protocols with the broader market, in the hope that this will help the legal community to develop more consistent market practices.

The protocols were designed particularly for financing transactions, but are likely to be applicable in other contexts as well. You can access a copy of the protocols here.


Views expressed on liv.asn.au (Website) are not necessarily endorsed by the Law Institute of Victoria Ltd (LIV).

The information, including statements, opinions, documents and materials contained on the Website (Website Content) is for general information purposes only. The Website Content does not take into account your specific needs, objectives or circumstances, and it is not legal advice or services. Any reliance you place on the Website Content is at your own risk.

To the maximum extent permitted by law, the LIV excludes all liability for any loss or damage of any kind (including special, indirect or consequential loss and including loss of business profits) arising out of or in connection with the Website Content and the use or performance of the Website except to the extent that the loss or damage is directly caused by the LIV’s fraud or wilful misconduct.

Be the first to comment