Mergers & Acquisitions

In corporate finance, mergers and acquisitions are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities.

Companies act

Qualifying Factors and Assessment Process for Affected Transactions & TRP Exemption Applications

The TRP regulates “affected transactions” or “offers” as defined in the Companies Act, 2018 (“Companies Act”) (“mergers and takeovers”). These transactions relates to the acquisition of more than 35% of the voting securities of a regulated company, disposal of major assets or undertakings a company, schemes of arrangements, amalgamations or mergers, acquisitions of 5%, 10% or 15%, or any further multiple of 5% of the issued securities of a company and compulsory acquisitions and squeeze outs.

LATIN-TERMS-COMMONLY-FOUND-IN-LOAN-

Latin Terms Commonly Found in Loan/Suretyship Agreements

Our common law in this regard has developed to a sophisticated degree. As part of this development, the law recognises certain safeguards or defences for debtors and/or sureties. Loan and/or suretyship documents inevitably record that the debtor and/or sureties surety waives various of these defences (often described by their Latin names) and, equally inevitably, also solemnly records that the surety “knows and understands the meaning and full force and effect of…” the defences he is waiving.

economic-reality

Executive bonuses in the age of Covid

With market indices at or near their high, listed companies share prices appear to be in a different basket compared to their private peers. This has resulted in executives meeting share-price performance targets whilst their underlying businesses are telling a very different story.