October 2018

I first wrote about earn-outs in 2012 – and the use of an earn-out to bridge the gap between the parties’ value expectations (and risks) in a business sale. At its simplest, an earn-out is a mechanism whereby the seller is paid an additional amount (over and above a base price for the business) based […]

Introduction The explanatory note accompanying the (private member’s) Bill states that: there is currently doubt about the ability of a company constitution to provide for ‘dry shares’ (shares which do not carry dividend rights in prescribed circumstances); and the classic example is shares in a co-operative where the holder ceases supplying the co-operative. However, the