Legal Opinion
Asesores y Consejeros Aconsec CIA, S.A. v. Global Emerging Markets North America, Inc.
District Court, S.D. New York
Decided January 11, 2012No. 08 Civ. 9384(MGC)PublishedCited by 10 opinions
1Opinion of the Court
OPINION
CEDARBAUM, District Judge.
Delaware investment bank Global Emerging Markets North America, Inc. (“GEM”) retained the Ecuadorian law firm of Asesores y Consejeros Aconsec CIA, S.A. (“Asesores”) to conduct due diligence on an Ecuadorian consumer electronics company, Artefacta, which GEM planned to acquire. Asesores completed the project and delivered its results, but the deal failed to close because GEM was unable to obtain financing. GEM then refused to pay any fee on the ground that the agreement between the parties did not require payment unless the acquisition of Artefacta took-…
2Cases cited11 opinions
- BROWN BROS. v. Beam Constr.New York Court of Appeals · 1977
- Matter of Allstate Ins. Co.(stolarz-Njm)New York Court of Appeals · 1993
- In re the Arbitration between Allstate Insurance & StolarzNew York Court of Appeals · 1993
- Consarc Corporation v. Marine Midland Bank, N.A.Court of Appeals for the Second Circuit · 1993
- Pollitz v. . Wabash R.R. Co.New York Court of Appeals · 1912
6 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- LiquidX Inc. v. Brooklawn Capital, LLCDistrict Court, S.D. New York · 2017
- Asesores Y Consejeros Aconsec CIA, S.A. v. Global Emerging Markets North America, Inc.District Court, S.D. New York · 2012
- Arrow Electronics, Inc. v. Quantum CorporationDistrict Court, N.D. California · 2025
- Chinelo Ugboaja v. Perry Avenue Family Medical, Inc., Christian Rajiv, Gitel Stiel a/k/a Libby Stiel, and Moshie StielDistrict Court, S.D. New York · 2026
- City Calibration Centers, Inc. v. Heath Consultants Inc.District Court, E.D. New York · 2024
5 more not listed; retrieve them via the Exa API.