Read more about Mergers & Acquisitions
An innocent party to a breach of contract is entitled to damages in compensation for his loss. And, depending on the seriousness of the breach, he may also be entitled to put an end to the contract in addition to claiming damages.
We all know that commercial negotiations are important but, once the terms are written into a contract which is then signed, it’s a done deal...right? Wrong! Read more
Contractual provisions requiring a party’s consent to the other party doing something often state that such consent “must not be unreasonably withheld or delayed”. A recent case concerning earn out consideration under a share purchase agreement illustrates that the courts will look at reasonableness from the point of view of the party which is refusing its consent, rather than whether it is reasonable for the party who wants it.
Are you having difficulty remembering what the accounts deadlines are and when or whether you can change your accounting reference date? The rules are complex. Here’s our aide-memoire to guide you through the key provisions.