BUREN advises Aludyne on the Dutch law aspects of the acquisition of Shiloh's castlight division. In the Netherlands, this transaction consisted of Aludyne acquiring the business of Shiloh Industries Netherlands B.V. by way of a transfer of assets.
Shiloh manufactures chassis and parts for cars for a number of major automotive companies.
Aludyne is a leading global, vertically integrated manufacturer of aluminum and iron cast and machined automotive components, providing custom engineering and manufacturing solutions for safety-critical products. Aludyne is based in North America, South America, Europe, and China, and is able to respond quickly and cost-effectively to automakers’ manufacturing needs around the world, offering in-house, full-service solutions.
Based on case law of the European Court of Justice, a cross-border demerger was already considered possible, but due to uncertainty on the applicable regulations and conditions not widely implemented in legal practice.
A warranty and indemnity (W&I) insurance is a mechanism used more often in the Netherlands M&A market to cover a seller’s liability in the case of a breach of
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