A landlord or lessor can lease property to a tenant or lessee, and a tenant or lessee can lease property from the landlord or lessor. When used as a noun, the term lease is the agreement between the parties under which the property is leased….
There is often some confusion over the meaning of the term public company. A public company is a reference to a public limited company, which is a company permitted to offer its shares to the general public. This should not be confused with a state-owned…
The term inter alia (meaning “among other things”) is one of the few Latin phrases that is still widely used, both in legal and non-legal writing. When referring to people, the phrase inter alios, which means “among other people”, should be used. inter alia More…
The difference between the terms tax evasion and tax avoidance is a simple one. Tax evasion is escaping payment by illegal means and is usually a criminal offence, whereas tax avoidance is the legal use of the tax system to reduce one’s taxes. tax evasion…
United Airlines and Continental Airlines have agreed to merge by way of a $3.2 billion share for share exchange. The merged airline will be the largest in the world in terms of traffic, taking a 7% market share (although, for the purposes of this particular…
India is currently in the process of an online auction of 3G licences in which nine mobile operators are bidding for 71 3G slots in the country’s 22 regions. Bids have been aggressive and beyond what many experts believe represent the value of the licences….
Deutsche Bahn, the largest state-owned railway company in Germany and the biggest railway operator in Europe, has agreed to acquire Arriva plc, the third largest transport group in the UK. The German group will pay consideration of £1.58 billion for the British listed company (a…
In a deal worth some $1.5 billion, private equity firm Cerberus Capital Management LP has agreed to acquire defense contractor DynCorp International Inc. It is one of the largest leveraged buyouts of recent times, with Cerberus paying $1 billion in cash and assuming Dyncorp’s debt….
Ford has agreed to sell Volvo Cars to Zhejiang Geely Holding for $1.8 billion, making it the largest acquisition to date of an overseas carmaker by a Chinese company. The consideration was $1.6 billion in cash and the remainder in the form of a loan…
Phillips-Van Heusen (“PVH”), owner of the Calvin Klein label, has agreed to buy fashion brand Tommy Hilfiger from Apax Partners for $3 billion. The purchase price consists of $2.6 billion in cash and $380 million in shares in PVH. The deal is expected to close…
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