Our client was a Dutch partnership which forms part of a multi-million-pound global business involved in the production of potato products. We helped them in connection with an intra-group reorganisation involving two fellow (but structurally lower ranking) group companies.
The reorganisation’s purpose was for the seller to sell its business and assets (including real property and intellectual property interests) to the buyer for their combined net book value, so the seller could ultimately be liquidated. The reorganisation formed part of a larger group rationalisation process.
Due to the complexity of the seller’s affairs, the transaction involved the production of many documents. The transaction also involved the distribution to our client of the shares owned by the seller in the buyer, which required the production of a separate suite of documentation.
