Shareholder Agreement Dispute
Our purchaser was a keen investor, investing and buying various businesses in Singapore. The Purchaser had their sight on a target company in the education business.
The purchaser and vendors entered into a sale and purchase agreement but shortly thereafter, there were problems with the financial statements, the representations and warranties provided by the vendors. Parties sued each other in the High Court.
Instead of a long-drawn battle in Court, DLLC successfully negotiated and mediated a deal where our client, the Purchaser saved close to S$1M and mostly acquired all the shares in the target company.