Delaware Court Rules on Indemnity Provisions

This alert by Nishith Desai Associates summarizes the landmark ruling in Walter A. Winshall v. Viacom International Inc., where the Delaware Court of Chancery has explained the scope of the indemnity provisions after an acquisition.

January 21, 2013 / 17:55 IST

This alert by Nishith Desai Associates summarizes the landmark ruling in Walter A. Winshall v. Viacom International Inc., where the Delaware Court of Chancery has explained the scope of the indemnity provisions after an acquisition. Broadly, the Court has ruled that that in the absence of a clear language in the transactional documents to the contrary, the shareholders of the acquired company are not liable to indemnify the acquirer against any future claims.

first published: Jan 21, 2013 05:55 pm

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