Put Option in UK Law
- Option Agreements Purchasing Land
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Penalty Clauses In Commercial Agreements Following El Makdessi v Cavendish Square Holdings
... ... M was also granted a put option in respect of his remaining 20% shareholding ... The SPA contained extensive restrictive covenants preventing M from competing with the group ... ...
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UK Court of Appeal: “Defaulting Shareholder” Provisions Are Unenforceable Penalties
Talal El Makdessi v Cavendish Square Holdings BV dealt with restrictive covenants in the context of a share sale. The UK Court of Appeal ruling indicates that contractual deterrents should not be u...... ... Forfeiture of two deferred consideration payments from the sale of the shares ... Forfeiture of a put option to sell its remaining shares to the buyer at a price determined by reference to goodwill ... Obligation to sell its remaining shares, by virtue ... ...
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Insolvency Judgment: Winding Up In The Context Of A Bona Fide Dispute
... ... underlying claim of the claimant was disputed ... The parties had entered into a Put Option Agreement ( the ... "Agreement") and various disputes arose ... in relation to the exercise of rights by Avinco under the terms of ... the Agreement ... ...
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More Money, More Problems: Providing Additional Capital To UK Companies In Turbulent Times
... ... Under a ... shareholders agreement with the other shareholders and the company, ... the sponsor also had a put option to require the company to ... repurchase all of its preferred shares in the event that an IPO ... with an offer price of at least '900m had not ... ...
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Early Liquidity Rights Create Management Misalignment
The average PE hold period is getting longer. According to data provider Preqin, PE firms held on to European assets for an average of 5.65 years in 2017, up from 4.41 years in 2007.... ... Early liquidity rights can be granted to management in various ways. Executives can be granted a “put” option to sell their stake after a certain hold period, or given enhanced tag rights — the right to sell a proportionately greater number of shares than ... ...
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Finance Monthly - December 2010
... ... are to be secured; issuers should avoid committing to an "all monies" provision; change of control: there is little merit in having a put option in the event of a change of control; it could precipitate a cash flow problem and its cost on a fixed rate bond could be considerable. A better ... ...
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Corporate Commentary Episode 9
... ... life cover is to be used/desired, it must be tied to 'cross ... options', to protect the continuing shareholders and the ... estate. A cross option means that the estate of the deceased can ... require the continuing shareholders to apply monies from life cover ... to buy the deceased's shares ... ...
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No Serious Irregularity in Arbitral Award for Failure to Take Account of Evidence
The English High Court recently dismissed a challenge to an arbitral award, holding that the tribunal’s alleged failure to take account of evidence did not amount to a serious irregularity under se...... ... Great Station Properties S.A. and others (Great Station) entered into a joint venture agreement and an option agreement with UMS Holdings Ltd and others (UMS). A dispute arose and, in the subsequent arbitration, Great Station alleged that UMS had diverted ... ...
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Inside Arbitration Issue #15: Perspectives On Cross-Border Disputes
... ... exit disputes remain a risk. We assess the safest ways to exercise ... your put option ... Future Fuel - How will hydrogen ... disputes be resolved? ... With a rapidly-emerging energy market set to fuel a rise in ... disputes, we ... ...
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