S - Share purchase and valuation
11/3/19
TRIUMPH CONTROLS - UK LTD v PRIMUS INTERNATIONAL HOLDING COMPANY [2019] EWHC 565 (TCC)
Considers claims for breach of warranties in a sale purchase agreement, including principles applicable to the giving of proper notice of claims [112], disclosure requirements [327] and assessment of damages [486].
17/6/13
KOHLI v LIT [2013] EWCA Civ 667
In valuing a company’s shares on an unfair prejudice claim, the trial judge should have deducted certain group liabilities because they were significant debts which a purchaser would have expected to repay and they had a strong historical element so they were not day to day trading debts which would usually be ignored in an earnings-multiplier calculation. Having excluded a bank loan on that basis, the judge had correctly excluded interest on the loan from the calculation.