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

Long desired ‘No fault divorce’ to be a reality

The Justice Secretary David Gauke announced today the archaic divorce laws will be reviewed to end hostility between divorcing couples. The current position Couples must divorce on the ground of ‘irretrievable breakdown of the marriage’ established on one of the five following grounds: Two years separation with consent Five years separation Unreasonable behaviour Adultery Desertion

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