Mazars in Hong Kong coordinated with Bartošík Sváby and advised on transcontinental M&A Automotive Deal
Our Tax Director Karen Lau and Senior Advisor Anthony Tam from Mazars in Hong Kong advised on a transcontinental M&A automotive deal by coordinating with Bartošík Sváby. We played a pivotal role in serving the Canadian company Windsor Machine Group's sale of its Slovak, HongKong and Chinese subsidiaries — operating automotive parts production plants — to French group Tesca, as tax advisors with counsels from China, Canada, and Germany.
The transaction involved the negotiation of the Sale and Purchase Agreement (SPA), various advisory activities including tax, accounting, and audit, as well as the transfer of employees and assets from the German subsidiary. It is one of the special transactions that goes beyond the typical scope of a Slovak M&A legal counsel's work and can be considered unique in the local/regional context.
The legal intricacies of this transaction were marked by the involvement of multiple jurisdictions and legal systems, which had to be reflected in the transaction documentation: laws of France (governing law of the SPA), Slovakia, Hong Kong SAR, China Jiangsu, Germany (jurisdiction of the targets involved), and Canada (jurisdiction of the client). The challenge was compounded by the collaboration of numerous stakeholders across different time zones, requiring seamless coordination.
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