Corporate and M&A

Contact: Tony Stumm; Carter Newell (Queensland, Australia)

Introduction

Almost all purchasers of assets expect to be given warranties by the vendors or sellers.  What happens if a given warranty doesn't measure up?  What can vendors do to limit repercussions arising from ill founded or misplaced warranties that come back to bite them?

These questions were recently posed in the High Court of Australia case of Clark v Macourt[2013] HCA 56.

To read the full article, click here.