Locked Box Mechanism

Priyesh Modi
Apr 6, 2021
1 min read

When using the “Locked Box Mechanism” as opposed to the traditional “Closing Accounts Mechanism” in M & A acquisitions make sure that it is appropriate for the subject matter of the transaction and that it is backed by appropriate warranties & indemnities.

Recent Posts

See All

Pledge

In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...

Delegation of Authority

Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...

Suretyships and Guarantees

In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...