Topic: M&A disputes

German court hears challenge to M&A insurance award

A Frankfurt court has been hearing a challenge to an award in favour of US insurer AIG in a dispute over €270 million in losses incurred by a Japanese construction group as a result of an ill-fated acquisition.

28 October 2020

Amazon wins emergency relief in Singapore

An emergency arbitrator in Singapore has ordered an Indian conglomerate to pause the US$3.4 billion sale of its retail business until Amazon’s bid to stop the deal is heard by a SIAC tribunal.

26 October 2020

Accountant rejects earnout claim after sale of brickmaking assets

A German building materials company has lost its claim for a US$100 million earnout payment arising from its US$1.4 billion sale of assets to a US buyer.

15 October 2020

Amazon files SIAC claim to halt Indian retail deal

Amazon has launched a SIAC claim against an Indian conglomerate to block the US$3.4 billion sale of its retail business to Reliance Industries.

12 October 2020

Buffett group brings fraud suit against Jones Day

A conglomerate controlled by US billionaire Warren Buffett that won a €643 million award after claiming it was defrauded into buying a German piping business has now filed a lawsuit in Texas against Jones Day – alleging the law firm was part of the scheme.

02 October 2020

Danish panel decides M&A fraud claim

A Nordic private equity firm says it has been awarded €87 million after prevailing on a fraud claim arising from its purchase of an ice-cream equipment maker, though the seller disputes this account of the award.

23 June 2020

Dispute settles over Swiss bank linked to 1MDB scandal

Italy’s largest insurer Assicurazioni Generali has settled an arbitration over the US$1.6 billion sale of a Swiss private bank that was implicated in Malaysia’s 1MDB embezzlement scandal.

16 June 2020

Glovemaker settles fraud claim in Singapore

A Malaysian rubber-glove manufacturer has agreed to settle a SIAC arbitration in which it claimed it was fraudulently induced into making a US$340 million acquisition, a dispute that also gave rise to litigation and asset freezes in Kuala Lumpur and Singapore.

05 March 2020

Discovery sought in aid of DIS claim

A company owned by the city of Frankfurt has applied to a US court for discovery in support of a potential claim at the German Arbitration Institute, or DIS, arising from German energy company E.ON’s proposed €30 billion takeover of a domestic competitor.

04 February 2019

Glovemaker M&A prompts fraud claim in Singapore

A listed Malaysian manufacturer of rubber gloves has launched a SIAC arbitration alleging it was defrauded into making a US$340 million acquisition earlier this year.

11 July 2018

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