Sanctions consideration provisions—share purchase agreement pro-seller—corporate seller—short-form


Published by a UUÂãÁÄÖ±²¥ International Trade expert
Precedents

Sanctions consideration provisions—share purchase agreement pro-seller—corporate seller—short-form


Published by a UUÂãÁÄÖ±²¥ International Trade expert

Precedents
imgtext

Insert the following definitions as new definitions into the Clause 1 of Precedent: Share purchase agreement—pro-seller—corporate seller—short form.

    1. 1

      Definitions and interpretation

      Sanctioned Activity

      1. •

        means any activity subject to sanctions imposed by the Sanctioning Body;

      Sanctioning Body

      1. •

        means the United Kingdom, United States of America, European Union and any other applicable local, national or multinational government agency, department, official parliament, public or statutory person or any government or professional body, regulatory or supervisory authority, board or other body responsible for imposing and/or administering sanctions;

      Sanctioned Entity

      1. •

        means any person or entity which is, or which is owned or controlled directly or indirectly by a person or entity which is, the subject of sanctions imposed by, or on a designated

Powered by Lexis+®
Jurisdiction(s):
United Kingdom

Popular documents

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Financial clean break orders in family proceedings

Financial clean break orders in family proceedingsDuty of the court to consider a clean breakAlthough there is no presumption in favour of there being a financial clean break between parties on divorce, the court is under a duty to consider whether it would be appropriate to exercise its powers so

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Where are misrepresentations made? Jurisdictional traps for the unwary (Bellmare Holdings Ltd v Wells)

Dispute Resolution analysis: The High Court has provided concise guidance as to how misrepresentation should be analysed when considering jurisdictional gateways. Under Article 5(3) of the Lugano Convention, in negligent misstatement cases, the place of the event giving rise to damage is normally