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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
Case Study Interviews: Good things to know!!
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<blockquote data-quote="Christopher Ho" data-source="post: 19482" data-attributes="member: 2157"><p>The locked-box refers to a set price, which the purchaser is obliged to pay in full. The costs ('permitted leakage') that might be deducted from this figure include dividends, short-term expenditures, and any operating costs that are payable in the interim. This is so that purchasers, having already committed to a set price, can deduct any outflows from the price that they actually pay at completion (and don't over-pay). </p><p></p><p><a href="https://www.grantthornton.be/globalassets/1.-member-firms/belgium/insights/articles-and-blogs/completion-mechanisms---completion-accounts-or-locked-box.pdf" target="_blank">https://www.grantthornton.be/globalassets/1.-member-firms/belgium/insights/articles-and-blogs/completion-mechanisms---completion-accounts-or-locked-box.pdf</a></p><p></p><p>This may be useful!</p></blockquote><p></p>
[QUOTE="Christopher Ho, post: 19482, member: 2157"] The locked-box refers to a set price, which the purchaser is obliged to pay in full. The costs ('permitted leakage') that might be deducted from this figure include dividends, short-term expenditures, and any operating costs that are payable in the interim. This is so that purchasers, having already committed to a set price, can deduct any outflows from the price that they actually pay at completion (and don't over-pay). [URL]https://www.grantthornton.be/globalassets/1.-member-firms/belgium/insights/articles-and-blogs/completion-mechanisms---completion-accounts-or-locked-box.pdf[/URL] This may be useful! [/QUOTE]
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Aspiring Lawyers - Interviews & Vacation Schemes
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Case Study Interviews: Good things to know!!
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