If you are in a cohabiting relationship with another person, you will need to disclose the assets and income of the cohabitee within the financial disclosure process. The Form E has a question relating to new partners and failure to answer the question will...
Completion accounts are a method which may be used to confirm and/or adjust the purchase price, post completion when buying or selling the shares in a company. It may be something that the parties may consider if, for instance, the historic financials (e.g.,...
The term "alphabet shares" is typically used to describe different classes of shares which have been designated a letter (‘A shares’, ‘B shares’, etc.) in order to distinguish between the different rights attached to the...
If you cannot attend a family law court hearing, the Court could make orders in your absence. You may also have it pay the other parties wasted legal costs for the ineffective hearing. This could be avoided by an application to adjourn the hearing...
Suffering a bereavement of a loved one can be one of the most challenging times many of us go through during our lives. If your loved one left a will and named you as executor, you may wonder exactly what is expected of you. Many people find it...
Although something that many of us do not want to think about at the time, it is very important to protect assets when getting married, especially where a business interest is concerned. A Pre-Nuptial agreement is a contract entered into before marriage...
A share buyback is a purchase by a company of its own shares from shareholders. The shares “bought back” are then effectively cancelled. A limited company is only permitted to purchase its own shares in accordance with Part 18 of the Companies...
Over recent years there has been a drastic rise in people cohabiting without getting married. Many believe that cohabitants are afforded the same legal rights on separation as married couples getting a divorce . Unfortunately this is not the...
The key difference between an asset sale and a share sale is the nature of what a potential buyer will acquire. In a share sale, the buyer acquires the shares of the company which may own an underlying trade and assets of a business. The buyer will be...
In a business or share sale, the heads of terms set out the road map of the transaction and the key commercial terms. What are Heads of Terms? Heads of terms (also known as letters of intent or memoranda of understanding) are a short document between a...
