Intra-group Share Sale Reorganisation in England and Wales: Legal and Practical Checklist

Published by a LexisNexis Corporate expert

Checklists

This checklist outlines the principal steps for an intra‑group reorganisation carried out by selling shares in an English‑incorporated company to another English‑incorporated company, and flags matters that may affect the company during the process. It also identifies potential issues that may arise for the company as a consequence of this approach. It is not comprehensive, as the specific issues and actions for a share‑sale reorganisation will vary between transactions. For an overview of the key points relevant to an intra‑group reorganisation by asset sale, see: Intra‑group reorganisation (by asset sale)─checklist.

Considering a corporate reorganisation may call for specialist input across several disciplines. Please seek further guidance on the following areas where required:

Property
Employment
Pensions
Intellectual property
Information technology
Finance
Tax

For further information, see Practice Notes: IP and IT aspects of intra‑group reorganisations and Intra‑group reorganisations and pensions.

Issue Guidance

Determining the reorganisation structure and other preliminary considerations (general) Asset purchase or share purchase?...

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Michael Scargill

Counsel, Proskauer Rose

Michael Scargill is Counsel (Knowledge and Innovation) for the Private Equity and Mergers & Acquisition Group in London. Michael is responsible for developing and implementing the knowledge and innovation strategy for the PEMA Group in London. This includes focusing on both the Group’s corporate legal and practice know-how needs and the deployment and adoption of legal tech solutions within the Group. Michael has extensive experience as a corporate lawyer, having previously been a transactional partner in a Magic Circle Firm and knowledge counsel at another US law firm. His transactional experience includes advising on both public and private M&A deals, joint ventures, corporate governance matters, privatizations, strategic investments, corporate restructurings and commercial outsourcing transactions.Previously, he was a Counsel and Head of UK Knowledge Management in the London M&A Group of Shearman & Sterling and was a corporate partner of Allen & Overy for over 16...

Web page updated on 20/05/2026

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