Court upholds judgment requiring acquirer to pay $450K in share transaction

By Karunjit Singh (July 4, 2023, 4:19 PM EDT) -- The Alberta Court of Appeal has affirmed a summary judgment, ruling that an acquirer must pay $450,000 plus pre-judgment interest for failing to fulfill payment obligations related to the purchase of a one-third interest in an oil and gas company. The buyers argued that they had decided not to proceed with the transaction, and that it had not been completed....