Howard Epstein and Theodore Keyes Novolex Holdings: A Rare Look at an RWI Claim Dispute
While RWI policies are manuscripted policies separately negotiated for each transaction, the vast majority contain arbitration clauses, meaning that claim disputes are resolved privately without published court rulings. The recent ruling in 'Novolex Holdings v. Illinois Union Insurance' sheds some light on one of these claim disputes, while also providing important lessons for insurers and M&A practitioners.
April 10, 2024 at 10:00 AM
8 minute read
Over the past decade, representations and warranties insurance (RWI) has emerged as a critical tool to mitigate risk in merger and acquisition (M&A) transactions. In fact, while RWI may initially have been seen as a novelty, it is now viewed as a relatively standard requirement in M&A transactions.
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