RE: Cap XX Ltd v Ioxus Inc Court Case4 May 2020 08:43
There are several ways to buy a company with debt. You can either acquire a company along with its debts, in which case the seller may set a higher price for the company and settle the debts in the process of the sale, or they will set a lower price and pass all responsibility for them onto the new buyer. The question is how do Ioxus see it i.e. have they conceded and factored the cost of the litigation in with the deal. Surely AK must know . Or heaven help us have they found a way around it ?