Situation:
The client sought support in preparing and negotiating contractual documentation for the sale of a large industrial complex in Central Bohemia.
Client’s Request:
The task was to properly address risks for both parties arising from the historical condition of the complex (part of which lacked documentation and the technical condition was unknown) and in relation to expiring subsidy proceedings associated with the complex.
Our Solution:
We conducted thorough due diligence of the entire complex and prepared a complete data room. With detailed knowledge of the condition of the complex and all related proceedings, we managed to prepare documentation where the seller was not liable for defects in parts of the complex about which they had insufficient information. Additionally, through guarantees in the related documentation, we addressed any current and future claims of the buyer related to the expiring subsidy proceedings.
Result:
The contractual documentation was successfully concluded, and the entire complex was properly transferred and handed over to the buyer without the seller’s concerns about liability for defects and without the buyer’s concerns about unresolved subsidy proceedings.