New starters share purchase transactions collection (EHS issues)—due diligence stage

Copyright © 2025 LexisNexis
Produced in partnership with Irwin Mitchell
Practice notes

New starters share purchase transactions collection (EHS issues)—due diligence stage

Copyright © 2025 LexisNexis

Produced in partnership with Irwin Mitchell

Practice notes
imgtext

In the Due diligence phase the buyer’s lawyers and other advisers have the opportunity to investigate the legal, technical and financial performance of the target.

The purpose of environmental due diligence is to:

  1. •

    assess the risk of inheriting any Contaminated land liabilities associated with properties or previous properties

  2. •

    identify material non-compliance with environment, health and safety (EHS) law or environmental permits or capital expenditure requirements that the buyer may become responsible for

  3. •

    assess what protections are necessary to help mitigate these risks as far as

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Share purchase definition
What does Share purchase mean?

Under a share purchase, the buyer takes over ownership of the target company (ie where it acquires its entire share capital) carrying on the business, which comes with all of its assets, obligations and liabilities (whether or not the buyer was aware of them).

Read more readmore

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an