1 m&a disputes in the courts murray rosen qc partner and head of advocacy unit 13 may 2010
TRANSCRIPT
![Page 1: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/1.jpg)
1
M&A Disputes in the Courts
Murray Rosen QCPartner and Head of Advocacy Unit 13 May 2010
![Page 2: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/2.jpg)
2
Inside the English legal mind
With thanks to Steuart & Francis: “Lawyers Uncovered”
![Page 3: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/3.jpg)
3
English law, English language
• The Common law
• English advocates and judges
• London courts and institutions
• The cross-border experience
• Regulatory complications
• Emerging markets
![Page 4: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/4.jpg)
4
Mergers and acquisitions
• Putting businesses together
• Company takeovers and joint ventures
• Falling out in private and public
• State resolution versus contractual resolution
• The precedent system
![Page 5: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/5.jpg)
5
How English lawyers argue disputes
Witness for the Prosecution (1957) - Marlene Dietrich & Charles Laughton
![Page 6: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/6.jpg)
6
Some common issues
• Contract and tort (fraud and negligence)
• Performance issues - indemnities and warranties
• Misrepresentations and material change of circumstances
• Contractual estoppel
• Price and damages - valuations
![Page 7: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/7.jpg)
7
Contractual estoppel: non-reliance and no-knowledge
• Non-reliance
Peekay v ANZB Group [2006] 2 Ll Rep 511 Tital Wheels v RBC [2010] EWHC 211 (Comm)
• No-knowledge
Eurocopy v Teesdale & others [1992] BCLC 1067 Infiniteland v Artisan Contracting [2005] EWCA Civ 758
![Page 8: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/8.jpg)
8
Price and damages - valuations
• Thomas Witter v TBP Inductries [1996] 2 All ER 573
• Lion Nathan v CC Bottlers [1996] 1 WLR 1438
• Macquarie Int’le v Glencore UK [2009] EWHC 2267 (Comm)
![Page 9: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/9.jpg)
9
Where to sue ? Or where to ….
* No reference is intended to any recent Hollywood film
*
![Page 10: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/10.jpg)
10
English Court v Arbitration - factors
• Choice of decision-maker(s), venue and language
• Procedures (internal and external)
• Confidentiality and integrity
• Speed, finality and appeals
• Enforcement
![Page 11: 1 M&A Disputes in the Courts Murray Rosen QC Partner and Head of Advocacy Unit 13 May 2010](https://reader036.vdocument.in/reader036/viewer/2022062313/56649d035503460f949d6221/html5/thumbnails/11.jpg)
11
Murray Rosen QC Head of Advocacy UnitMurray Rosen QC Head of Advocacy Unit T +44 (0)207466 2262 E [email protected] +44 (0)207466 2262 E [email protected]