Buyers awarded damages for failures in share purchase agreement

The buyers of three companies have been awarded damages for breach of warranty under the share purchase agreement (SPA). The case involved companies that manufactured complex metal components for aircraft. The buyers were Triumph Controls UK Ltd and Triumph Group Acquisition Corp; the sellers were Primus International Holdings, Primus International Inc and Primus International Cayman

Directors acted unfairly by paying themselves too much

Three directors had damaged their family business by paying themselves too much and benefiting from company loans. That was the decision of the High Court in a case involving AMT Coffee Ltd. The company had been incorporated in 1993 as a retail coffee-selling business. Upon incorporation, four ordinary shares were issued, one each to three

BMW successfully defends its trademark with passing off claim

The car manufacturer BMW has successfully defended its trademark after bringing a claim of infringement and passing off to the Intellectual Property Enterprise Court. The other company in the case was BMW Telecommunications Ltd, whose owner had the initials BMW. It provided consulting services to railway companies regarding signalling and telecommunications. The car manufacturer claimed

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