Don’t miss our Autumn/Winter 2024 Edition of Business First Magazine.
In particular, see Evangelos Kyveris‘ article on page 28, “Sell with confidence: Backed by bulletproof disclosure”, where Evangelos discusses the critical role of disclosure in protecting sellers from warranty claims in UK corporate transactions.
In his article, Evangelos explains how sellers use disclosure letters and virtual data rooms to provide information that may contradict warranties given to buyers. He emphasises that for disclosures to be effective, they must meet the standard of “fair disclosure,” ensuring that the buyer fully understands the nature of the disclosed issues. Failure to meet this standard—or attempts at concealment—can expose sellers to significant legal and financial risks. Evangelos advises seeking legal guidance to navigate this process effectively.
Note: This article is not legal advice; it provides information of general interest about current legal issues.