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Commentary

126.3 Interest

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

126.3 Interest

| Commentary

126.3 Interest

The sellers and the buyer are likely to have very different views as to who should obtain the benefit of any interest which accrues on any money in the account. The sellers are likely to believe that interest should be credited to them as and when it accrues because the buyer should only be entitled to retain the fixed amount of the principal sum originally deposited in the retention account, or such amount as covers any successful claim for breach of warranty. The buyer, on the other hand, is likely to feel that any payment of principal which

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