The implementation of ‘Awaab’s Law’ in July 2023 into the Social Housing (Regulation) Act 2023 came after the death of 2-year-old Awaab Ishak in December 2020. His cause of death was a respiratory condition which resulted from prolonged...
If you are thinking of selling or buying a business an option available would be to conduct this through an asset sale.
When commencing an asset sale the buyer acquires the agreed areas of a business which is sometimes referred to as the target business. For example, a larger corporation could opt to only buy the operations of a business, without the purchase of the company as a whole or the individual shares. The sale can include the target’s contracts and good will or a defined portion of each.
It is a relatively flexible approach for buyers, allowing them to select particular assets instead of acquiring the business as a whole via the share sale route. For the buyer, this type of sale is sometimes seen as less risky, making the contract and transaction simpler.