$2.4 Million Award for Client in Breach of Contract
Defendant did not transfer valuable patents as required under an agreement that funded an IPO
Coral Gables – Barakat + Bossa is thrilled to announce a victory in a complex international contract case, culminating in a significant judgment of $2.4 Million in favor of our client, a Brazilian investor.
This case centered around a series of agreements related to the defendant’s initial public offering (IPO) on a major European stock exchange. Our client invested in the project by funding the IPO, with the investment secured by the transfer of valuable patents as a form of collateral.
However, a breach occurred when the counterparty failed to transfer these patents, despite the successful completion of the IPO. This breach resulted in significant financial damages to our client, as the agreement was not honored as promised.
The B2B legal team led by attorney Tereza Horáková successfully obtained $2.4 Million in damages for our client in New York state court. The judgment sends a strong message about the importance of contract integrity and investor rights in international business dealings. This win is a testament to our firm’s expertise in navigating complex legal landscapes and our unwavering commitment to fair play in the global market.
Barakat + Bossa is an international trial law firm that handles non-competes, commercial litigation, partnership disputes, real estate and corporate fraud for clients in Florida and in many foreign jurisdictions in Europe, Asia and Latin America.
Barakat + Bossa is located at 2701 Ponce de Leon Boulevard, Coral Gables. FL 33134. Please contact via 305-444-3114 or at intake@B2B.legal. Website: www.B2B.legal