Monthly Archives: July 2022

DENTIST SELLS PRACTICE AND AGREES TO WORK FOR BUYER. RELATIONSHIP SOURS AND DENTIST QUITS. BUYER SUES DENTIST AND COURT REFUSES DENTIST REQUEST FOR MANADATORY ARBITRATION

Both the Missouri trial and appellate court hold that the purchase agreement’s arbitration clause was unenforceable because it failed to comply with the state’s required formalities M&A Stories July 28, 2022 Introduction Selling a dental practice can generate legal disputes.

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SELLER OF BUSINESS FAILS TO FORCE EARNOUT DISPUTE TO BE RESOLVED BY AN ACCOUNTING FIRM

The Delaware federal district court held that the purchase agreement’s requirement to submit earnout dispute to an independent accounting firm did not foreclose resolution of the matter by the court because the agreement’s language was only for expert determination and

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ILLINOIS BANKRUPTCY COURT APPROVES SALE OF GROCERY STORE ASSETS TO BUYER FREE OF $4.8 MILLION PENSION CLAIM

The court held that a chapter 11 bankruptcy business can sell its assets to a buyer under Bankruptcy Code section 363(f) free of $4.8 million union pension withdrawal liability M&A Stories July 19, 2022 Introduction It can be hard to

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BUYER OF ASSETS FROM DISTRESSED SELLER NOT RESPONSIBLE FOR SELLER’S ATLANTA CORPORATE HEADQUARTERS LEASE

Georgia state trial and intermediate appellate court held that the buyer who paid “reasonably equivalent value” for most of the assets of seller’s business, was not responsible for the insolvent seller’s corporate headquarters lease because the buyer did not assume

Posted in Problem with seller lessor or landlord Tagged with: ,

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