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Consequences of untrue representations and limitation of a seller’s liability in business sale transactions

03 / 04 10:30 msk
We are pleased to invite you to a webinar to discuss practical issues related to the consequences of unreliable representations about circumstances and the limitation of seller liability in business purchase and sale transactions.

Detailed programme is outlined below.


  • Consequences of untrue representations in business sale and purchase transactions (“Representations”): legislative regulation and current approaches in court practice:

    • current court practice in relation to the compensation of losses and payment of penalties for providing untrue Representations;
    • practical specifics of the application of the so-called proportionate reduction of the purchase price in the event that Representations are untrue

  • The main ways of limiting a seller’s liability in a sale and purchase agreement in relation to a share or participation interest in connection with the provision of untrue Representations:

    • the main types of limitation of a seller’s liability;
    • approaches taken by Russian courts in respect of the most popular ways of limiting a seller’s liability (setting a minimum claim amount (de minimis threshold), a minimum amount for a ’basket’ of claims, the time limit for making claims, etc.).

  • Q&A


Evgenia Kudryashova
Evgenia Kudryashova Legal Director View profile
Elizaveta Bekmulaeva
Elizaveta Bekmulaeva Associate
Alexandra Cherkevich
Alexandra Cherkevich Paralegal