Acquisition & Disposing of Companies & Businesses
The EC (Assessment of Acquisitions in the Financial Sector) Regulations, 2009 (the “2009 Regulations”) recently introduced harmonised procedural rules for the assessment of acquisitions and increases in holdings of financial sector companies. The principle of “Caveat Emptor” applies to the acquisition of companies. Selling a business can be quite a time consuming process. Documents such as the Sales Memorandum and Heads of Agreement need to be drawn up. The Heads of Agreement are negotiated with potential purchasers and in turn becomes the final binding legal document. We manage all aspects of acquisitions and disposal of companies on our client’s behalf.