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

Table of contents

• 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.