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SSABR Pty Ltd v AMA Group Ltd (No 3) [2024] NSWSC 1415 — Business Sale Agreement — Barrister AI

SSABR Pty Ltd v AMA Group Ltd (No 3)

[2024] NSWSC 1415

Supreme Court of NSW

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Interrogate

Catchwords

1. Remittal
2. › business sale agreement
3. › plaintiffs sell 2 smash repair businesses to large company with over 100 such businesses
4. › “earn out” provision based on earnings before interest and tax (EBIT) “for the Businesses”
5. › whether rebates and JobKeeper payments received by the corporate group should be included as earnings “for the Businesses”
6. › whether accounting standards apply
7. › whether generally accepted accounting principles apply.
1. Words and Phrases
2. › “for the business” at [47].

Case Details

Citation[2024] NSWSC 1415

CourtNSWSC

JurisdictionNew South Wales

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Cited by1

2024SSABR Pty Ltd v AMA Group Ltd (No 4)NSWSC 1512

Relies on13

2024SSABR Pty Ltd v AMA Group Limited (No 2)NSWCA 201
2024SSABR Pty Ltd v AMA Group LimitedNSWCA 175
2022LCA Marrickville Pty Limited v Swiss Re International SEFCAFC 17
2021Swiss Re International Se v LCA Marrickville Pty Limited (Second COVID-19 insurance test cases)FCA 1206
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