M&A: More than just business

More than just business
Linkedin Post

The days leading up to the signing of an M&A SPA are usually intense, with negotiations and amendments at the eleventh hour. Working around the clock is almost a given. Even when a vendor and purchaser think they have reached an understanding, it may not be the same understanding. Our role as the lawyers in charge is to make sure the agreements are ready for execution when the parties finally give their clearance. Lawyers usually think in terms of representing the clients’ interest and closing the transactions.

One of the M&As I was involved in gave me a different insight. The vendors sold their family business, which is a household name, to another household name. Although there were higher offers in the past, the vendors waited until they found a buyer which they felt was a good fit for their business. The purchaser and vendors were collaborative and wanted a fair deal for both parties. The vendors were present with their family members at the signing of the SPA. Tears were shed and it was a touching moment. I realised a signature on the dotted line may represent someone’s lifetime work and something of sentimental value to his/her family.

#malaysiancorporatelawyer

#mergersandacquisitions

This post was first posted on Linkedin on 20 December 2020.

 

 

Linkedin Post
Five key steps for legal due diligence

Most lawyers are good at identifying issues, but legal due diligence shouldn’t be limited to merely reviewing documents and identifying issues. Here are my five steps for conducting legal due diligence: 1. Identify the issues based on the scope of legal due diligence as agreed with the clients. 2. Provide recommendations …

Linkedin Post
Begin with the end in mind: Post-completion integration

I once worked on an M&A deal that took more than a year to complete. While the deal was not inherently complex, it dragged on due to delays in finalizing the details of the transaction agreements for reason beyond my control. As the deal involved a larger corporation acquiring a …

Lawyering
Being a Corporate Lawyer: Why I Do What I Do

After years of demanding schedule and juggling simultaneous corporate exercises which take a toll on physical and mental health, it is not surprising that some corporate lawyers experience burnout. Unlike some legal practice areas, the work of a corporate lawyer may not seem immediately impactful or “make a difference” to …