См. также: withdraw as a shareholder, with a previous conviction, with a human face, withholding
For example, in Sweden, 99.9 per cent of claims are resolved without recourse to court even though it is available, according to Gibson’s review. (Toronto Star)
In factoring without recourse, the lender is responsible for the collection of unpaid invoices from the customer and cannot return them. (The Conversation AU)
SANS RECOURS. Without recourse.
2. These words are sometimes put on a bill before the payee endorses it; they have the effect of transferring the bill without responsibility to the endorser. (Law Dictionary of Legal Terminology)
The Representative of the Covered Bondholders may (and in the case of an Approved Reorganisation, shall) agree with the Issuer (or any previous substitute) and the Covered Bond Guarantor at any time without the consent of the Covered Bondholders:
(a) to the substitution in place of Intesa Sanpaolo (or of any previous substitute) as principal debtor under the Covered Bonds by any bank Subsidiary of Intesa Sanpaolo (the Substitute Obligor) by way of an obligation transfer agreement without recourse to the Issuer (accollo liberatorio); or (INTESA SANPAOLO S.P.A. Base Prospectus Document)
