Peter Mason compares the EU and UK legislation on transfers of going concerns and finds that it's no wonder many businesses are in doubt as to whether a particular transfer may be regarded as a non-supply
A change in the ownership of a business is a common event. Such a change may take the form of the transfer of shares (in the case of a corporate body) or a transfer of the assets of the business in many cases amounting to the transfer of a going concern (TOGC).
A TOGC is quite common; buyers generally do not want to be encumbered by any legacy issues and consequently prefer to buy the assets of a business rather than the shares of...
