M&A disputes : a professional guide to accounting arbitrations

Description

Content: The M&A Dispute Framework. Introduction to M&A Disputes -- The Post-Closing Adjustment and Dispute Process -- Post-Closing Net Working Capital Adjustments -- Core Concepts and Issues. The Nature of GAAP -- Past Practices in Accordance with GAAP -- Target Net Working Capital -- Transaction-Specific Adjustments -- Audited Financial Statements and Auditing Concepts -- Subsequent Events, New Positions, and New Information -- The Accounting Arbitration. Mitigation of Post-Closing Purchase Price Disputes -- Selection and Retention of an Accounting Arbitrator -- The Parties’ Initial Submissions -- Further Submissions, Proceedings, and Considerations -- The Arbitration Award -- The Disputed Items. Overview of Disputed Items -- Inventory -- Accounts Receivable -- Contingent Liabilities -- Revenue Recognition and Expense Accruals -- Other Topics. Governing Agreements and Contractual Choices -- Interaction with Indemnification Provisions -- Other Mechanisms, Earn-Outs, and Locked Boxes -- International Considerations.