What is working capital and why is it important for M&A transactions?
Working capital considerations in merger and acquisition (“M&A”) transactions - the bane of many a solicitor's life when drafting agreements in this space. A lot of solicitors choose to avoid accounting principles for a reason: for fear of liability issues and the overwhelming realisation that by even venturing into this space, a solicitor may be out of his/her depth. Solicitors often seem to turn a blind eye to what is…
