- Summary judgment in deferred consideration claim despite permission to proceed with fraudulent breach of warranty counterclaim (Arani v Cordic Group)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
- Case details
Dispute Resolution analysis: In this case, the claimants were awarded summary judgment on a claim for payment of deferred consideration under a share purchase agreement (SPA) held in a retention account. The defendant was given permission to counterclaim on the basis of allegations of fraudulent breach of warranty raised at a late stage in respect of some of the claimants. Written by Phillip Patterson, barrister at Hardwicke.
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