Corporate transactions: Law Society publishes new Q&A on electronic signatures and virtual executions
Navigating the completion of corporate transactions remotely and integrating the use of electronic signatures into this process has become increasingly common since March last year. Law Society Company Law Committee, which included our Knowledge Director Emma Grant, has published a useful Q&A.
Navigating the completion of corporate transactions remotely and integrating the use of electronic signatures into this process has become increasingly common since March last year.
To help address some frequently occurring questions that can arise when conducting virtual completions and using e-signatures, a Working Group of the Law Society Company Law Committee, which included our Knowledge Director Emma Grant, has offering clear practical advice on how to comply with execution formalities. For example, it outlines how a witness can still be physically present even where they are required to socially distance by witnessing through a window (whether open or closed) – the key factors being the witness’ physical presence and ability to see the signatory sign the relevant document.
Whilst the Q&A is primarily aimed at lawyers conducting virtual completions on a regular basis, much of the guidance may also be useful to non-lawyers who are co-ordinating remote completion of legal documents.