M&A Update: Financial Assistance in Corporate Transactions

Using the target to assist with the financing of an acquisition Prior to the Companies Act 2006, “Financial assistance” i.e. a target company using its own funds to purchase its own shares, was prohibited in both public and private company mergers and acquisitions, unless a “whitewash” procedure followed. In order to carry out the whitewash procedure a Read More …

Restrictive Covenants

A Restrictive Covenant is a negative covenant that restricts the way in which a party can act. They are commonly used in the context of Property (to govern the way in which land may be used), Employment (what an employee cannot do after a period of employment or service) or in a company purchase or Read More …