M&A disputes : a professional guide to accounting arbitrations

Content: The M&A Dispute Framework. Introduction to M&A Disputes --
The Post-Closing Adjustment and Dispute Process --
Post-Closing Net Working Capital Adjustments --
Core Concepts and Issues. The Nature of GAAP --
Past Practices in Accordance with GAAP --
Target Net Working Capital --
Transaction-Specific Adjustments --
Audited Financial Statements and Auditing Concepts --
Subsequent Events, New Positions, and New Information --
The Accounting Arbitration. Mitigation of Post-Closing Purchase Price Disputes --
Selection and Retention of an Accounting Arbitrator --
The Parties’ Initial Submissions --
Further Submissions, Proceedings, and Considerations --
The Arbitration Award --
The Disputed Items. Overview of Disputed Items --
Inventory --
Accounts Receivable --
Contingent Liabilities --
Revenue Recognition and Expense Accruals --
Other Topics. Governing Agreements and Contractual Choices --
Interaction with Indemnification Provisions --
Other Mechanisms, Earn-Outs, and Locked Boxes --
International Considerations.