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Case of the Day: Injazat Technology Fund v. Najafi
The case of the day is Injazat Technology Fund v. Najafi (N.D. Cal. 2012). Injazat and Hamid Najafi, an American, were both parties to an investment agreement with Broadlink Research FZ, LLC, a Dubai company. Najafi was Broadlink’s CEO. Under the agreement, Injazat agreed to buy 35% of Broadlink’s stock for $3 million. The agreement……
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Case of the Day: Presley v. N.V. Masureel Veredeling
The case of the day is Presley v. N.V. Masureel Veredeling (Tex. Ct. App. 2012). Marina Presley was the president of Sudaglass Fiber Co. She and Sudaglass entered into a joint venture agreement with Masureel, a Belgian company in the business of yarns and fabrics finishing. The aim of the joint venture was to sell……
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Case of the Day: Everplay Installation v. Guindon
The case of the day is Everplay Installation, Inc. v. Guindon (10th Cir. 2012). Rolf Huber and Roger J. Guindon had incorporated Everplay in 1993. The articles of incorporation contained an arbitration agreement. After a dispute arose, Everplay and Huber initiated an arbitration against Guindon, which resulted in a 1998 interim award enjoining Guindon from……
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Case of the Day: S&S Machinery Corp. v. Wuhan Heavy Duty Machine Tool Group
The case of the day is S&S Machinery Corp. v. Wuhan Heavy Duty Machine Tool Group Co. (E.D.N.Y. 2012). S&S was a machine tools merchant in New York. Under a 1999 agreement, it was the exclusive agent in North and South America for Wuhan, one of China’s largest machine tool manufacturers. The agreement gave S&S……
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Case of the Day: Montebueno Marketing v. Del Monte Foods
The case of the day is Montebueno Marketing, Inc. v. Del Monte Foods Corp.—USA (N.D. Cal. 2012). Montebueno was Del Monte’s distributor in the Philippines. When Del Monte terminated the distribution contract in 1996, Montebueno sued, in the Philippines courts, for breach of the contract, even though the contract had an agreement to arbitrate. While……