In Ireland and Northern Ireland, restraint of trade clauses in business purchase agreements are presumed void – unless they are reasonable and protect a legitimate interest.

Understanding who controls a company is essential to ensure transparency and trust in UK businesses. That’s why the UK government requires companies to identify and disclose their Persons with Significant Control (PSCs). But who exactly qualifies as a PSC?

When acquiring a business, a buyer has the option of acquiring the company’s shares (a share acquisition) or its assets (an asset acquisition). Both structures aim to achieve similar commercial objectives but offer distinct advantages and disadvantages that should be carefully evaluated before proceeding with the transaction.