Topic: M&A disputes

Claims filed over multibillion-euro eyewear merger

Franco-Italian eyewear group EssilorLuxottica is facing a pair of arbitrations over its planned €5.5 billion purchase of a rival Dutch brand, after raising concerns about measures taken by the target company to mitigate the impact of covid-19.

30 July 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

Boeing faces claim over cancelled merger

Brazilian aerospace company Embraer has launched an arbitration against Boeing after the US aircraft maker pulled out of a US$4.2 billion merger.

28 April 2020

Buffett group wins damages in fraud claim

A conglomerate controlled by US billionaire Warren Buffett has been awarded €643 million after an ICDR tribunal found it was “fraudulently induced” into acquiring a German piping manufacturer based on fictitious revenue.

16 April 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

Rio Tinto brings post-M&A claim over aluminium plant

Anglo-Australian mining group Rio Tinto has launched an ICC arbitration against Indian billionaire Sanjeev Gupta’s Liberty House over the US$500 million sale of Europe’s largest aluminium smelter.

02 September 2019

Merger partners see eye to eye on ICC case

The Italian and French partners in a €50 billion merger that created the world’s largest eyewear maker, EssilorLuxottica, have settled an ICC dispute over the company’s governance.

13 May 2019

The HKIAC’s Russian permit: a game-changer for Russian M&A disputes?

As the Hong Kong International Arbitration Centre becomes the first foreign arbitral institution to be licensed to administer cases in Russia, Alexey Yadykin of Freshfields Bruckhaus Deringer in Moscow considers what it could mean for arbitration of Russian M&A disputes.

01 May 2019

Post-M&A dispute heads to Swiss chambers

Swiss energy company Alpiq has brought an arbitration in Switzerland against France’s Bouygues Construction to resolve a purchase price adjustment dispute following the €750 million sale of its engineering services business last year.

13 February 2019

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