SPA concerns for sellers: warranties & indemnities
One of the ways of disposing your interest in a private company is to transfer your shares to another person. In doing so, buyers and sellers sign a share sale and purchase agreement (SPA) which contains the full details of the transaction and respective rights and obligations of such parties. It is crucial for the […]
FCA Authorisation for Payment and E-Money Institutions
In the UK the financial services industry is regulated by two bodies namely the Financial Conduct Authority (‘FCA’) and the Prudential Regulation Authority (‘PRA’). The FCA acts as watchdog for the conduct of all regulated firms from smallest SMEs to larger institutions, whereas the PRA is responsible for prudential matters ensuring financial stability of the […]