Document background
An Equity Interest Purchase Agreement is a crucial document used in corporate acquisitions and sales transactions in the Philippines. It is typically employed when a party wishes to acquire ownership in a company through the purchase of shares from existing shareholders. The agreement must comply with the Philippine Revised Corporation Code, Securities Regulation Code, and other relevant local laws and regulations. It contains essential provisions covering the transaction structure, purchase price mechanisms, representations and warranties, conditions precedent, and closing requirements. Special consideration is given to foreign ownership restrictions in certain industries, tax implications, and regulatory approvals required under Philippine law. The document serves as the primary reference point for all parties involved in the transaction and forms the basis for implementing the share transfer.
