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Summary judgment in deferred consideration claim despite permission to proceed with fraudulent breach of warranty counterclaim (Arani v Cordic Group)

Summary judgment in deferred consideration claim despite permission to proceed with fraudulent breach of warranty counterclaim (Arani v Cordic Group)
Published on: 12 April 2021
Published by: LexisPSL
  • 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

Article summary

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. or take a trial to read the full analysis.

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