Chapter

Nuvei v. Arrap - NSW Supreme Court finds that a post-closing voluntary disclosure by the target so as to deplete escrowed funds did not violate a duty to cooperate with the vendor

From Deyab v. Canada, 2020 FCA 222 by Sambif

Concepts

  1. Escrow Funds

    "Prior to the closing of the purchase of the shares of an Australian company (the “Company”), the Australian purchaser (“Nuvei”) identified that a deemed dividend paid by the Company may have been sub

  2. ATO Determination

    "After the closing, the Company sought, without significant success, to receive certifications from the members of the LLCs and LLPs as to their residency status. Towards the end of the 18-month perio

  3. Implied Obligation

    "Hmelnitsky J found that, as submitted by Arrap, the correct withholding tax rate instead was 15% given that the Australian tax regulation requiring permitted the withholding rate to be determined on

Nuvei v. Arrap - NSW Supreme Court finds that a post-closing voluntary disclosure by the target so as to deplete escrowed funds did not violate a duty to cooperate with the vendor | Deyab v. Canada, 2020 FCA 222 | Bifalgorithm | Bifalgorithm