Olswang News

Warranty or representation? The £16.75 million question

Thu, 21 Feb 2013 00:00:00 GMT

The High Court considered whether express warranties in a share purchase agreement could also be representations and therefore found a £16.75 million claim for misrepresentation rather than a £6m claim for breach of contract.

Interested in paying only 10% tax on your share-based gains? Don't miss out – you and your company may still be able to qualify

Wed, 09 Jan 2013 00:00:00 GMT

"Enterprise Management Incentives" or "EMI" - whilst not the catchiest label, this UK share option scheme offers tremendous tax-efficiencies for employees and directors of companies that qualify to use them. Better still, the Government has announced its intention to bring new legislation into force in April 2013 which will extend the even more remarkable "entrepreneurs' relief" tax treatment to certain EMI option shares.

Annual Review: Asia grows, Europe holds

Wed, 12 Dec 2012 00:00:00 GMT

Despite a difficult backdrop, European M&A activity remains impressively steady thanks to foreign investment and the increasing appetite for deals from Asia.

Warranty and indemnity insurance: your questions answered

Thu, 15 Nov 2012 00:00:00 GMT

Whilst warranty and indemnity (W&I) insurance has been available for some time, its use in private company acquisitions has become much more established in the past few years. The increasing need for sellers to achieve clean exits, general caution in the markets and the relatively cheap cost of W&I insurance have made it more attractive than other "deal-deadlock" solutions such as placing sale proceeds in escrow (which locks in the seller's funds) or bank guarantees (which can be administratively time-consuming, expensive and require security). Our article answers some of the questions we are commonly asked.

Plating up the profits

Wed, 18 Jul 2012 01:00:00 GMT

David Roberts looks at the increasingly converging nature of the leisure industry as it looks to diversify business models in an increasingly competitive market.

Letters from…Singapore – Networking Types and the Chequered Flag

Thu, 31 May 2012 01:00:00 GMT

Given our position as the only TMT focused law firm in South East Asia, when the opportunity came to attend the Asia Pacific Pay-TV Operators Summit (APOS) at the end of April, we didn't hesitate to RSVP.

Facebook could be free from corporation tax for years - and what this could mean for you

Tue, 22 May 2012 01:00:00 GMT

Facebook will obtain such vast corporation tax deductions from its recent IPO that it may avoid paying any US corporate income tax for many years.

Letters from… Singapore

Tue, 14 Feb 2012 00:00:00 GMT

63 floors, 3 countries, one latte...Welcome to Singapore