Tuesday, March 20, 2007

Purchasing Real Estate in Sweden - Notes on Purchase of Commercial Real Estate including Tenement Buildings - Signatures

It should be kept in mind that the managing director of a selling company normally would not be authorised to sign the purchase agreement in his capacity as managing director.

The agreement should be signed by authorised signatories as stated in the registration certificate.

A managing director has the right to enter into agreements in the daily course of business but a sale of real estate does not normally fall within that category. However, it is not uncommon that the managing director has been appointed sole signatory of the company, in which case his signature, of course, is enough.

2 comments:

Will said...

Thanks for the information on Swedish Law. I mentioned your blog in a short post on my blog.

Keep up the good work!

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