Court ruling highlights importance of indemnity clauses in M&A transactions
A commonly negotiated provision in M&A transactions is the clause that provides for the buyers indemnity right, which, among other things, applies in relation to the liabilities of the target whose existence is based on a past event prior to the closing of the deal. This clause aims to limit the liability of the parties involved in the transaction for losses relating to the company or the asset traded and can be structured in several ways. Facts A relevant decision by the Sao Paulo Court of Ju...
Sao Paulo Bernardo Vianna Freitas Quartier Latin Bernardo Freitas Amanda Santos Sette Adriano Augusto Teixeira Ferraz
Source: internationallawoffice.com