If you want to expand your business and buy a business in Europe, you will have to think about a number of items. What country is the business located in? Who owns the business and do they live in the same country? if you have a European subsidiary, what country are they located in? if the buyer and seller are in different countries, which language is the purchase and sale agreement in? if you need to translate the purchase and sales agreement into another language, i.e. English, which language will be upheld in a court of law, the original document or the translated document? If your subsidiary is located in the Netherlands, you are buying an Italian business but the owner is in Switzerland you have multiple decisions to make, what jurisdiction is the purchase and sale in, what language is being used and what currency is being used. Be prepared to use a multitude of lawyers when you are working to purchase a European company. Anyone buying a business in Canada or the United States would never have considered these complications.
This article are provided for information purposes only, and are not intended as legal advice.
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