Shareholder Representation in Proceedings Related to a Share Sale Agreement

Our firm represented the shareholders of Ever Land, a company that operates a credit brokerage platform, in a dispute with Fintech and its shareholders in connection with an agreement for the sale of our clients’ Ever Land shares to Fintech, which was subject, among other things, to conditions precedent. After the proceedings were fully litigated, the court upheld our arguments and ordered payment to our clients of the principal portion of the consideration, together with costs and attorneys’ fees. The court also held that, although Fintech’s shareholders were not parties to the agreement, personal tort liability should, by way of exception, be imposed on them for failing to satisfy the conditions precedent.