Document background
The Shares Sale and Purchase Agreement (SPA) is a critical legal document used in Belgian corporate transactions for transferring ownership of company shares from seller(s) to purchaser(s). This agreement is essential for both private and public company transactions in Belgium, requiring compliance with the Belgian Companies and Associations Code, tax regulations, and financial market laws. The document typically includes detailed provisions on purchase price mechanics, warranties, indemnities, pre-completion and post-completion obligations, and specific Belgian law requirements. It's particularly important for corporate restructuring, business acquisitions, and investment transactions, providing a legally binding framework that protects all parties' interests while ensuring regulatory compliance. The agreement must be drafted with careful consideration of Belgian corporate law requirements, including specific formalities for share transfers and corporate governance obligations.
