what is a whitewash resolution 
a whitewash resolution is a condition placed by the target firm before it is acquired by another company in a whitewash resolution the company being acquired pledges financial assistance to the acquirer as long as it remains financially viable for at least 12 months the financial assistance must first be approved by the target company s shareholders if approved an auditor must then confirm the company s solvency before the firm s directors can proceed with the deal 