This is a clause-by-clause guide to the warranties and indemnities required when drafting agreements for the purchase or sale of companies. It explains the necessity of each clause, its implications for both the buyer and seller, and suggests ways in which the reader might modify them for the protection of both sides. This edition incorporates changes in the law and practice, including: Companies Act 1989, which introduced changes to procedure and to the definition of important technical terms (eg subsidiary); Taxation of ...
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This is a clause-by-clause guide to the warranties and indemnities required when drafting agreements for the purchase or sale of companies. It explains the necessity of each clause, its implications for both the buyer and seller, and suggests ways in which the reader might modify them for the protection of both sides. This edition incorporates changes in the law and practice, including: Companies Act 1989, which introduced changes to procedure and to the definition of important technical terms (eg subsidiary); Taxation of Chargeable Gains Act 1992; Capital Allowances Act 1990; details of financial reporting standards. The text is cross-referenced and a separate index of statutory provisions concerning taxation warranties is included.
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