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This webinar is an updated version of the popular and very well received presentation on the topic by the same speakers that was offered as an Auckland In Short Seminar in March 2019 and addresses warranties in a business context.
This presentation will discuss representations, warranties and covenants in Sale and Purchase Agreements that are frequently the subject of post completion claims, how different liability regimes under the Sale and Purchase Agreement can impact on claims, the availability of statutory claims, and the use of warranty and indemnity insurance. The discussion will then move to procedural and substantive issues involved in pursuing and defending such claims, including the implications of warranty and indemnity insurance.
Topics covered will include:
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Authors: Marika Eastwick-Field, David Raudkivi
Published: 17 March 2021
Pages: 31
In this seminar we discuss post-closing claims under sale and purchase agreements, focusing in particular on claims for breach of representations and warranties.
We outline the purpose of representations and warranties and some of their common features, and strategies for limiting liability through qualifications against disclosure materials and negotiated limits on liability. We also discuss warranty and indemnity insurance and its benefits, as well as potential traps and pitfalls for negotiating parties.
In terms of claims, we undertake a survey of some of the more recent (and interesting) developments through the courts, focusing on questions of breach, causation, loss and some of the procedural considerations relevant to bringing a claim.
This seminar is an update of a seminar on the same topic presented in March 2019.
These are the slides included in the webinar presentation.
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Russell McVeagh
Auckland
Russell McVeagh
Auckland