Market leading insight for tax experts
View online issue

Repent at Leisure

Michael Bell partner and Jake Kilcoyne-Betts lawyer Osborne Clarke consider how Rig v Aeroflex provides some timely reminders of what can go wrong as the M&A market picks up again
Not many people are saying the UK had a long dry summer this year but professional advisers involved in M&A are seeing a welcome return of some deal flow after a record 'dry patch'.
With many companies having accumulated significant losses during the recession payment for these tax assets will become an increasingly prominent feature in term sheets for the potential acquisition of such companies. The recent High Court decision in Rig Holdings LP v Aeroflex Test Solutions Ltd [2009] EWHC 1440 provides tax advisers with a timely and salutary reminder of how things...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.