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Thursday 2 May 2013

A Matter of Time

Share Purchase Agreements often contain provisions requiring a vendor to indemnify a purchaser in certain circumstances, provided that the purchaser claims under the indemnity within a specified time limit. The recent case of Kuoni Travel Ltd v. (1) John Boyle and others [2013] EWHC 877 (QB) raised some interesting questions about the correct construction of such provisions and the notification obligations imposed on a purchaser.

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