Private equity update: why clear drafting matters — a case lost by both sides?
In Alegro Capital LLP v AllProperty Media Pte Ltd [EWHC] 3376 QB, Mr Justice Foskett said: ‘It is unfortunate that a great deal of cost will have been expended in the dispute and that it will have generated bad feeling and distrust between the two sides. It is, regrettably, a consequence of not sorting out the fine print of the agreement sufficiently in the commercial haste that gave rise to it. That is a lesson to be learned.’
This is certainly not the first time that a judge has found that in the rush to sign binding agreements the parties have failed to record clearly what they had (or thought they had) agreed. Nor is it likely to be the last…
If you are registered and logged in to the site, click on the link below to read the rest of the Wragge & Co briefing. If not, please register or sign in with your details below.
News from Wragge Lawrence Graham & Co
News from The Lawyer
Briefings from Wragge Lawrence Graham & Co
There seems to be a growing recognition that retaining the skills of the older worker makes sound business sense. But are we neglecting our younger potential workforce?
Benefit change exercises — what are the practical implications of the IBM case for trustees and employers?
The latest IBM case has implications for employers and trustees when considering changes to members’ pension benefits. But what implications?