Section 33: Related Party Disclosures Section 33 requires disclosure in the financial statements to draw attention to the possibility that the financial position and profit or loss have been affected by the existence of related parties and transactions and outstanding balances with such parties. Disclosu...
(b) EACH PLEDGOR IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE PLEDGEE, ANY SECURED PARTY OR ANY RELATED PARTY THEREOF IN ANY...