New Zealand Law: High Court Revisits Recoverability of Expenses in Takeovers
The High Court has revisited the recoverability of a target company’s expenses for the first time in more than 45 years. The case has important implications for future reimbursement disputes. Recovery of “properly incurred” takeover expenses An offeror must reimburse the target company for any expenses that the target properly incurs in relation to a […]
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