Discrepancies in manufacturing company completion accounts
Appointment Type: Single Joint Expert
Service Area: Completion accounts disputes and expert determinations
Industry: Manufacturing & Construction
Litigation Type: Other
Size of Case: £100,000 - £500,000
Appointed as joint expert under the terms of a sale and purchase agreement to conclude on a number of contested items within the completion accounts of a manufacturing company.
Our work concerned the quantification of the net assets of the target company at completion and required the interpretation of the relevant (and contradicting) terms of the sale and purchase agreement. Following the receipt of submissions from the parties, we were also required to assess the conflicting information provided.
Our reasoned determination set out our conclusion of the completion net assets and the extent to which further purchase price adjustments were required under the terms of the sale and purchase agreement. Our determination was final and binding and was issued within three months of our initial instruction.