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A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
Buy–sell agreement can be in the form of a cross-purchase plan or a repurchase (entity or stock-redemption) plan. For greater neutrality and effectiveness of the buy–sell arrangement, the service of a corporate trustee is recommended. Profit or loss from a buy-sell agreement may trigger tax conquencess and taxable income. [2]
New Zealand businessman Barry Colman was the NBR's publisher for 24 years, after buying it from John Fairfax & Sons in 1988. He sold it to Todd Scott in 2012. [1] The publication's website has a paywall model, where businesses and individual subscribers pay to access certain content. As of June 2016, the NBR had more than 4000 paying ...
It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s)' shares; the other shareholder(s) must then either accept the offer or buy the offering ...
Retailing in New Zealand is an important sector in the economy of New Zealand, as a channel for a large proportion of household spending and international visitor spending. [ 1 ] The overall size of the sector has been increasing since the end of the 1997 Asian financial crisis , with retail sales increasing by 30% between 1999 and 2005.
Business New Zealand Inc. (operating as BusinessNZ) is New Zealand's largest business-advocacy body. [ 1 ] [ failed verification ] It is headquartered in Wellington . [ 2 ] Kirk Hope [ 3 ] has served as the chief executive since 2016.
These four together produce about 90% of New Zealand's electricity. Meridian Energy, Genesis Energy and Mercury Energy are 51% majority owned by the New Zealand government, while Contact is a 100% publicly traded company. An important feature of the New Zealand market is that all the major generators also own retailing arms.
Allied Concrete Ltd v Meltzer-Decision determining the meaning of "gave value" in section 296(3)(c) of the Companies Act.; Mason v Lewis-Decision holding that the test for determining what reckless trading under section 135 of the Companies Act 1993 is an objective one.
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