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https://www.lexology.com/library/detail.aspx?g=da29dd02-1b1b-4f13-bc68-67d19fbb20b1
May 14, 2013 · The High Court has decided that letters of support provided by a parent company did not have contractual force. The letters did no more than provide the directors of the subsidiary with evidence from which they could confirm that the subsidiary’s accounts should be prepared on a going concern basis. The facts.
https://corporatefinanceinstitute.com/resources/knowledge/other/comfort-letter/
A comfort letter is a document of assurance issued by a parent company or an accounting firm to reassure a subsidiary company of its willingness to provide financial support. It is an affirmation letter, not a confirmation letter, that offers backups where a customer requires a loan or a company …
http://templatelab.com/letter-of-support/
A support letter can come from a major partner in a company, a key benefactor, another similar foundation, a representative of congress or any of the main stakeholders in the company. It would give a convincing reason for why your potential benefactors should support your application or proposal for a …
http://www.mwblaw.dk/en/Nyheder/Nyheder%202011/2011-10-28%20Moderselskabets%20afgivelse%20af%20stoetteerklaering.aspx
The parent company's letter of support. On 27 June 2011, The Supreme Court gave judgment in a case concerning a parent company’s (hereinafter the ”Parent Company”) letter of support to one of the subsidiary company’s (hereinafter the ”Subsidiary”) trading partners (hereinafter the ”Trading Partner”).
https://57slang.wordpress.com/2006/09/28/letter-of-financial-support/
Sep 28, 2006 · Letter Of Financial Support One major role of the external auditor is to ensure a true and fair of the financial statements. In line with this, is the going concern concept whereby it is critical that the continuing “survival” of the company be confirmed particularly if it has very high current ratio, gearing ratio and amount owing to its inter-companies like head office, sisters subsidiaries.
https://www.mia.org.my/v2/downloads/ppt/auditing/publications/2009/10/15/MIA_Letter_of_Financial_Support.pdf
The holding company, the provider of the support, should pass a Board of Directors resolution to confirm the Board’s consent to provide financial support to its subsidiary company. 7. The financial support should be for a period of 12 months from the date of the balance sheet.
http://uitgeverijlarcier.larciergroup.com/modele/larciernl/content/extra/sbc2006/Letter%20of%20Comfort.doc
A parent company may be called upon to provide some comfort to a party entering into a contractual relationship with its subsidiary. This comfort may take the form of a guarantee of some undertakings by the subsidiary (see model: Guarantee Agreement) or may be in a weaker form which is generally known as a Letter of Comfort (“patronaatsverklaring/lettre de confort”).
https://www.sampletemplates.com/letter-templates/sample-letter-of-support.html
11+ Letter of Support Templates in Free Samples, Examples, Format, Word, Apple Pages, Google Docs Sometimes in people’s lives there comes a time when everything seems to be falling around them. In these tough times it’s our prerogative to make sure that they know that they have our support and that we will be with them all through.
https://www.hkma.gov.hk/media/eng/doc/key-functions/banking-stability/guide-authorization/Annex-1.pdf
In support of an application by the Company for authorization as [ ] under the Ordinance, we state and confirm the following: 1. We are the legal and beneficial owners of [percentage]% of the paid-up share capital of the Company. It is our present intention to maintain that percentage holding in the Company.
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