05Aug
€643 Million Arbitration Award Was Within Arbitration Panel’s Power to Award and Not a Result of Manifest Disregard of the Law
Precision Castparts Corp. purchased companies with manufacturing facilities in the United States and Germany for €800 million. After the sale closed, Precision discovered that the seller had “manipulated financial documents of the acquired companies to show that they were ‘high margin’ and ‘high cash flow’ businesses. In fact, the acquired companies were ‘functionally insolvent.'”...
By:
Carlton Fields
Source Url: https://www.jdsupra.com/legalnews/eur643-million-arbitration-award-was-18328/
Related
With markets becoming more dynamic and competitive than ever, CFOs face escalating demands as their ...
Read More >
On June 23, 2020, the Delaware General Assembly adopted amendments to the Delaware General Corporati...
Read More >
Chain reaction accidents present challenging questions of liability, and proving your right to compe...
Read More >
The Seventh Circuit joins the Eighth, Ninth and Tenth Circuits in holding that such a refusal would ...
Read More >
Employees Fired Soon After Seizures, Federal Agency Charges - DENVER - The U.S. Equal Employment O...
Read More >
Why This Matters - On August 12, 2019, New York Governor Cuomo signed into law legislation that gre...
Read More >