Matt Davies and Elizabeth Emerson (DLA Piper) consider core tax protections in share purchase agreements, and how they are impacted by tax warranty and indemnity insurance.
In the mid-life of the transaction cycle – with structuring (hopefully) finalised and negotiation of the SPA in full flow – it will be necessary to turn to the tax protections provided by the seller to the buyer.
Typically these take the form (of course) of tax warranties and a tax covenant. These protections provide comfort to the buyer that the target should not have any unknown tax skeletons in its closet and that if any such nasties should following completion prove to exist then the seller...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Matt Davies and Elizabeth Emerson (DLA Piper) consider core tax protections in share purchase agreements, and how they are impacted by tax warranty and indemnity insurance.
In the mid-life of the transaction cycle – with structuring (hopefully) finalised and negotiation of the SPA in full flow – it will be necessary to turn to the tax protections provided by the seller to the buyer.
Typically these take the form (of course) of tax warranties and a tax covenant. These protections provide comfort to the buyer that the target should not have any unknown tax skeletons in its closet and that if any such nasties should following completion prove to exist then the seller...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.tmb-editorspic.jpg?sfvrsn=c9a7a0cc_1)
