What happens if a parent company guarantee or finance is withdrawn from an accredited exporter?
WEA would be informed because it is a condition of accreditation that accredited exporters report notifiable matters to WEA within 14 days of their occurrence. Notifiable matters include the occurrence of an event or change in circumstances that would affect an exporter’s accreditation, such as the withdrawal of the parent company or related entity guarantees. WEA would then consider the company’s accreditation status.
Related Questions
- If an accredited exporter is purchased by another company, what will happen to its accreditation? If the relationship with a parent company changes, do they need to let WEA know?
- What happens if a parent company guarantee or finance is withdrawn from an accredited exporter?
- What happens to the value of the Franchise when the Stock of the Parent Company splits?
