“SPA break”? Breaches of warranties in Share (or Asset) Purchase Agreements

Any prudent buyer should take care in effecting proper due diligence prior to a purchase, and warranties/ indemnities are a crucial element of any Share or Asset Purchase Agreement. Pauline Lépissier and Prasan Modasia explore the importance of these aspects of a share or asset sale from the perspectives of a seller and buyer, and what happens when they go wrong.