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Cases · Risk, disputes & investigations · Contracts, commercial disputes & collections

Move contracts to another group company

How do we move customer and supplier contracts to another group company?

WONE Global reviews the contracts for assignment and consent terms, prepares the novation documents and counterpart letters, and checks the tax position in both companies' countries.

Countries in the typical case United Arab Emirates · Saudi Arabia

The situation

What is happening

What is at stake

Moving contracts needs counterpart consent, can trigger renegotiation or termination rights, and can create tax on the transfer.

A scenario

Regional groupCorporation · from United Arab Emirates · in Saudi Arabia

It is moving its regional sales contracts from Dubai to Riyadh.

Where it ends Contracts in the right company.

A representative scenario of the work WONE Global coordinates, not a specific client’s matter.

Also asked as “Novation of contracts within a group”“Moving contracts after a restructuring”

The solution

How WONE Global handles it

WONE Global reviews the contracts for assignment and consent terms, prepares the novation documents and counterpart letters, and checks the tax position in both companies' countries.

Usually led by Legal & Contracting, with Tax & International Structuring.

Step by step, in the scenario

  1. Weeks 1-2WONE Global reviews consent terms.
  2. Week 3Tax checked.
  3. Weeks 4-6Novations signed.
  4. ThenInvoicing moves.

Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.

Decisions

The decisions involved

  1. 01Novation, assignment or new contract
  2. 02Counterparty consents needed
  3. 03Tax and VAT effects of the move

Outcomes

What you receive

  • A contract migration plan
  • Consents obtained
  • Contracts moved without disruption

This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.

Services

The services involved

One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.

  1. Usually leadsLegal & Contracting18 markets with a named lead→
  2. Often involvedTax & International Structuring25 markets with a named lead→

Who handles it

Legal & Contracting, market by market

The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.

  1. Saudi Arabiain the typical case WONE Global Partner Abdulrahim bin Saleh Al-Zahrani · Founding Partner & General Manager Brief this Partner →
  2. United Arab Emiratesin the typical case On request Availability confirmed before any work begins Bring a requirement →
  3. Argentina WONE Global Partner Dr. Esteban Lucio Maccari · Managing Director Brief this Partner →
  4. Australia WONE Global Partner Alice Turner · Lawyer Brief this Partner →
  5. Brazil WONE Global Partner José Antonio Balieiro Lima · Partner, Tax, Administrative & Maritime Law Brief this Partner →
  6. Cameroon WONE Global Partner Edmond Christian AKOA MBALLA · Founder & Managing Partner Brief this Partner →
  7. China WONE Global Partner Roberto Gilardino · Regional Partner North Asia & additional countries Brief this Partner →
  8. Ethiopia WONE Global Partner Mekonnen Shiferaw · Managing Partner Brief this Partner →
  9. Israel WONE Global Partner Karin Horev · Founding Partner Brief this Partner →
  10. Italy WONE Global Partner Alessandro Dagnino · Managing Partner Brief this Partner →
  11. Morocco WONE Global Partner Mouad Aktaou · Managing Partner Brief this Partner →
  12. Panama WONE Global Partner Ebrahim Asvat K. · Managing Partner Brief this Partner →
  13. Poland WONE Global Partner Andrzej Zacharzewski · Partner Brief this Partner →
  14. Portugal WONE Global Partner Bruna Prinzo · Managing Partner Brief this Partner →
  15. South Africa WONE Global Partner Johan Beer · Partner Brief this Partner →
  16. Spain WONE Global Partner David Bermejo Perramón · Managing Partner Brief this Partner →
  17. Uganda WONE Global Partner Tony Galandi Kiire · Managing Partner Brief this Partner →
  18. United States WONE Global Partner Frederick Miles Adler · Principal Brief this Partner →
  19. Zambia WONE Global Partner Reagan Blankfein Gates · Managing Partner Brief this Partner →
  20. India On request Availability confirmed before any work begins Bring a requirement →
  21. Singapore On request Availability confirmed before any work begins Bring a requirement →
  22. United Kingdom On request Availability confirmed before any work begins Bring a requirement →

Other markets: WONE Global covers 100 countries. Name yours in the requirement →

Roberto GilardinoShanghai · China

WONE Global Partner · China

Roberto Gilardino

Regional Partner North Asia & additional countries · Horizons (Shanghai) Corporate Advisory Company · Shanghai

Roberto Gilardino is Regional Partner at Horizons, supervising the advisory’s activities in North Asia as well as additional countries (including Mongolia, Malaysia, Indonesia, Pakistan, UAE, Cyprus and Malta).

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