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The Ocean Race Europe: runners and riders - Yachts and Yachting

International ocean racing teams from around the world are assembling in Lorient, France this week ahead of the start of the inaugural edition of The Ocean Race Europe on Saturday May 29. Designed to showcase professional fully-crewed offshore racing, this new European multi-stage race has attracted a top-tier entry of 12 teams representing nine countries. […] ....

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Court ruling highlights importance of indemnity clauses in M&A transactions


A commonly negotiated provision in M&A transactions is the clause that provides for the buyer s indemnity right, which, among other things, applies in relation to the liabilities of the target whose existence is based on a past event prior to the closing of the deal. This clause aims to limit the liability of the parties involved in the transaction for losses relating to the company or the asset traded and can be structured in several ways.
Facts
A relevant decision by the Sao Paulo Court of Justice highlighted the importance of expressly regulating this type of clause in M&A contracts. In the case, a contract for the purchase and sale of shares representing 26.05% of a limited company s capital was entered into. Pursuant to this agreement, the buyers would pay part of the price in cash and the other part by paying off the seller s debts to the company and the other partners. ....

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Mirpuri Foundation Racing Team announces all-star crew for The Ocean Race Europe


Mirpuri Foundation Racing Team announces all-star crew for The Ocean Race Europe
by Mirpuri Foundation 11 Feb 17:00 GMT
Mirpuri Foundation Racing Team skipper Yoann Richomme has confirmed an all-star crew of eight sailors for this summer s inaugural edition of The Ocean Race Europe.
Based in Cascais, Portugal, The Mirpuri Foundation Racing Team was the first team to commit to The Ocean Race Europe on board their Racing For The Planet VO65, following the opening of the entry period last month.
Among many other accolades, Richomme s selected sailors have amassed three Olympic campaigns, four Solitaire du Figaro wins, 11 Volvo Ocean Race campaigns, including 1 victory in OZ / UK sailor Jack Bouttell. ....

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