The discussion will cover the following issues:

1. Structure

• Share sale or business/asset sale.
• Share, cash or loan consideration.
• Dealing with liquidators.

2. Due diligence

• What is due diligence, and why does it matter?
• Focusing on key risks.
• Who will stand behind due diligence?

3. How due diligence impacts the contractual terms

• Warranties and indemnities.
• Whether or not to insure the deal.
• The implications of earn-outs and retentions on risk.

What you will learn:

how to complete a "quick and dirty" due diligence process on a distressed target, potential transaction structures, and how to allocate risk.

Who this is relevant to:

founders and business owners considering purchasing another business that is in a distressed state.

Presented by the founder of Buckworths, Michael Buckworth and Eleanor Williams, corporate/M&A associate. Michael is also the author of Built on Rock, the entrepreneur's legal guide to start-up success. Advising on the risks and pitfalls to avoid when setting up your own business, this book makes the complicated aspects of start-up law simple.