SPA contained implied term that seller entitled to full auditor's report on tax overprovisions (High Court) | Practical Law

SPA contained implied term that seller entitled to full auditor's report on tax overprovisions (High Court) | Practical Law

In Zedra Trust Company (Jersey) Ltd and another v Hut Group Ltd [2019] EWHC 2191 (Comm), the High Court held that a share purchase agreement contained an implied term that the seller was entitled to the full auditor's report on tax overprovisions commissioned by the buyer.

SPA contained implied term that seller entitled to full auditor's report on tax overprovisions (High Court)

by Practical Law Tax
Published on 22 Aug 2019 • United Kingdom
In Zedra Trust Company (Jersey) Ltd and another v Hut Group Ltd [2019] EWHC 2191 (Comm), the High Court held that a share purchase agreement contained an implied term that the seller was entitled to the full auditor's report on tax overprovisions commissioned by the buyer.