𝐈𝐦𝐚𝐠𝐢𝐧𝐞 ... 💭

You own a company that you have carefully built up for decades. After years of hard work, long hours and entrepreneurial risk, a buyer is interested in taking over your company. The purchase price has been agreed and you can already picture yourself leaving behind the stress of running a business.

Then your lawyer sends you the draft share purchase agreement. The buyer expects you to give a broad set of representations and warranties about the company. Your lawyer explains that if one of those statements later proves incorrect, you may still be liable after the sale.

You pause for a moment. Wasn’t the whole point of selling the company to leave the risk behind?

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞? Read our latest #inthepicture ‘Sold, but not off the hook: what our latest M&A Survey reveals about seller liability in Belgian M&A transactions’ here, or contact our corporate counsel Kristof De Wael and corporate associate Maarten Cnudde.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐝𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐬𝐮𝐥𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐢𝐱𝐭𝐡 𝐌&𝐀 𝐒𝐮𝐫𝐯𝐞𝐲? Order the printed M&A Survey booklet, the digital M&A Survey (app and web version) or a combined package here.