2022 has been a rollercoaster ride for many of our clients. The mini-Budget volte face and then Autumn Statement (with a few leadership changes along the way) have caused many practical difficulties as has the looming recession (now confirmed as a reality by the latest chancellor as at the date of writing). Transactions have been carried out at breakneck pace sometimes pausing for a recast of the economics of the deal. In many cases a buyer has had to pull out new buyers often found waiting in the wings with more liquidity or less exposure to the vagaries of the debt and equities markets but with much shorter timelines to complete. For transactional lawyers and accountants working through these...
