Legal updates: June 2022

In this month’s legal updates, Sophie Brookes and Debbie Shaw, Gateley Legal, examine earn out payments in Asher, quasi-partnership and unfair prejudice, and serving claims on directors

Failure to follow earn out procedure – but no loss suffered

In Asher v Jaywing plc [2022] EWHC 893 (Ch) the High Court considered the impact of the parties' failure to follow the procedure specified in an agreement for the calculation of earn out payments. Whilst the court found the required procedure had not been followed, it also found that the sellers were not entitled to any further payment as the relevant targets had not been met.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Finance | Legal updates: unfair prejudice petitions not subject to statutory time limits

Finance | Legal updates: breaking boardroom deadlock between shareholders

Finance | Legal updates: restrictive covenants and ex-director

Finance | Legal updates: directors’ loan repayments under scrutiny

Navigate

Tax Services

Failure to follow earn out procedure – but no loss suffered

Your free features:

Sign up to Business & Accountancy Daily