The sentiment expressed in Neil Sedaka's 1962 classic hit 'Breaking up is hard to do' is perhaps apt in the field of corporate break-ups through a partition or demerger. In the current business climate, many company reconstructions are being driven by the shareholders' desire to ringfence valuable investment assets from the ever-increasing risks attaching to the company's/group's trading operations. For example, a 'hybrid' trading/ investment company/group may wish to separate out its trading and investment activities into separate (new) companies. Alternatively, such reconstructions may also be required to facilitate a separation of the business due to a shareholder disagreement.
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