BITE SIZE KNOW HOW FROM THE ENGLISH COURTS
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Providing a helpful reminder of the importance of complying carefully with notification provisions in share purchase agreements, the Commercial Court has found that a letter which purported to notify a claim under a tax warranty contained insufficient detail of “the matter giving rise to the claim” as it only referred to a tax investigation, and not the facts, events or circumstances on which the claim was based.
Dodika Limited & Ors v United Luck Group Holdings Limited