Successful arbitration before three-person arbitration panel of working capital dispute under agreement of purchase and sale arising on purchase of prominent media company

Successful arbitration before a three-person arbitration panel resulting in a favourable settlement of multi-million dollar working capital dispute arising under an agreement of purchase and sale for the acquisition of a media company.

Issues:

  • Contractual interpretation issues
  • Issues surrounding various considerations in the determination of working capital involving competing expert accounting evidence