A ‘merger’ may fall within the EU merger rules and require notification to the European Commission if at least two parties to the transaction generate fairly substantial...
BREXIT: The law and practice referred to in this Practice Note may be impacted by Brexit. For further information on the potential impact, see: The effect of Brexit on UK...
This Practice Note covers how 'business combinations' are accounted for, together with some accounting issues that can arise as a result of the way M&A transactions are...
ARCHIVED: This archived Practice Note provides information on the data protection regime before 25 May 2018 and reflects the position under the Data Protection Act 1998...
A business can be acquired by one of two methods: an asset purchase or a share purchase. The two types of transaction are fundamentally different in their nature and...
Auction processes play an important role in particular industries, for example, in the private equity industry or in government privatisations, or in large value...
Auction processes play an important role in particular industries, for example, in the private equity industry, in government privatisations, or in large value...
At 11pm UK time on 31 January 2020 (exit day), the United Kingdom left the European Union in accordance with a ratified Withdrawal Agreement between the UK and the EU....
In an asset purchase, the buyer purchases only those assets and assumes only those liabilities it wishes to acquire: • sometimes an asset purchase is the purchase of an...
This Practice Note highlights the key legal and commercial issues for a buyer when looking to buy a software business. This particularly focuses on the technology and...
Business asset disposal relief (BADR), which was called entrepreneurs' relief for tax years prior to 2020–21, is a capital gains tax (CGT) relief designed to encourage...
There are generally three principal categories of provisions in the transaction agreement (eg sale and purchase agreement) that will need to be considered from a...
Factors affecting deal activity The Coronavirus (COVID-19) pandemic will have an effect for its duration on many aspects of corporate law for legal practitioners and...
The Bribery Act 2010 (BA 2010) came into force on 1 July 2011. The BA 2010 creates a host of legal considerations in relation to corporate transactions. Whilst the...
This Practice Note considers the employment-related data protection issues arising in relation to: • a share purchase, by which the buyer takes over ownership of the...
Corporate transactions are a frequent feature of a lawyer’s life and can be one of the most challenging. In addition to dealing with the specific features of the...
The CRC Energy Efficiency Scheme (the CRC Scheme) was abolished following the 2018/19 compliance year, in accordance with the announcement made by HM Treasury (HMT) in...
The CRC Energy Efficiency Scheme The CRC Energy Efficiency Scheme (CRC Scheme) was a mandatory UK-wide emissions trading scheme in the UK that aimed to cut carbon dioxide...
This Practice Note provides an overview of issues that are likely to be encountered by an English-qualified lawyer when advising a seller or a buyer in a cross-border...
Brexit: On 31 January 2020, the UK ceased to be an EU Member State and entered an implementation period, during which it continues to be subject to EU law. During this...
ARCHIVED: This archived Practice Note provides information on the data protection regime before 25 May 2018 and reflects the position under the Data Protection Act 1998...
Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
The Companies Act 2006 (CA 2006) prohibits: • a public company (or its subsidiary) from giving financial assistance for the acquisition by a person of the company's...
When acting on a share purchase, it is prudent to review all proposed transactions to be entered into by a target company for compliance with the financial assistance...
Financial Promotion Order: groups of exemption This Practice Note looks at exemptions from the financial promotion restriction which may be relevant to corporate...
The buyer may fund the acquisition by way of: • cash: from its internal cash resources (or those of its parent or other group company) • debt financing: raising capital...
This Practice Note is part of the Share purchase transaction toolkit. As well as deciding whether the transaction should be structured as a share purchase or asset...
THIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMES This Practice Note applies to business sales which are subject to the Transfer of Undertakings...
Deal makers may look to insurance to manage a variety of risks inherent in transactions. In many situations, tax risk can be managed or eliminated in a transaction...
This Practice Note focuses on the intellectual property (IP) rights aspects of asset purchase transactions, alongside some more general issues that commonly arise in the...
