Noe Tessmann (asker) May 12, 2003:

context 3.3.3.3. Warranties and representationsThere is little protection for a purchaser of shares in the implied warranties of the seller flowing from the Belgian Civil Code and case law. In order to protect a purchaser against a loss in the value of the shares as a result of underlying liabilities (tax, employment, environmental, etc.), it is therefore necessary to insert detailed warranties in the agreement which provide additional contractual protection and which should be adapted to each particular case. If the warranties are breached (that is, found to be untrue, misleading or not complied with or carried out) the seller is liable to pay damages to the purchaser in accordance with the terms and conditions of the share purchase agreement