Direct agreements are an important form of (quasi) security for finance parties. A direct agreement with the borrower’s suppliers allows finance parties to stipulate contractual rights. The purpose of this is to ensure onward supply in the event of insolvency and a subsequent relaunch of the company.
Legal assistance in direct agreements
At Ploum, our lawyers can help you as a bank to draw up a direct agreement. Our banking law and insolvency law specialists cooperate closely with one another in this respect.