Weighing up risk and return is not a new concept. Why is it then, that in many MA transactions in Asia the counterparties negotiate and often ôagreeö the purchase price up front, long in advance of any discussion about the level of risk that each will bear after completion
The devil IS in the detail - unfortunately
In MA transactions in Asia the Sale and Purchase Agreement ôSPAö, the principal legal device for allocating transaction risk between buyer and seller, is all too often left until the end of the transaction process with the lawyers told to go away, typically with minimal instruction, to ôsort out the detailö. An overwhelming desire to...
