What Is A Hive Up Agreement

This process avoids the so-called “undervalued transaction”, which is a possible violation of the insolvency law of section 238 of 1986. Before choosing a Hive Up, Hive Out or Hive Down, we generally recommend that you hire an independent appraiser to advance an assessment of the company`s assets. Depending on the type of assets transferred, certain taxes may apply to the transfer. However, there are various reliefs that may be available and we are happy to work with your tax advisors so that you can get such tax breaks. Maybe bottomco could raise new funds to achieve this. Providers of these funds should consider taking adequate collateral and or bank debt in oldco can be repaid to bottomco. Each subsequent test date takes place on the last day of each Vodafone exercise and year or, after a Hive Up, NewTopco…

Comments are closed.