14 Jul 2008
INNOVATIVE INFORMATION SYSTEMS LTD v. SUN MICROSYSTEMS OF CALIFORNIA LTD
- Citation
- INNOVATIVE INFORMATION SYSTEMS LTD v. SUN MICROSYSTEMS OF CALIFORNIA LTD
- Court
- Court of First Instance
- Case number
- HCA1977/2005
The MBO effected a change of ownership and control and that change was material in the context of the contractual reference to IIS's financial, technical and managerial conditions; therefore the contractual termination clauses permitted Sun to terminate immediately without giving the contractual notice periods, and IIS's claim for damages fails; Sun's counterclaim was not proved and is dismissed.