Partner Paul Pincus, head of the firm’s Mergers & Acquisitions and Staffing practices, will be speaking at the American Staffing Association’s Staffing World 2023 annual conference in Charlotte, NC from October 3-5. He will be leading a panel discussion on Designing and Executing a Winning M&A Strategy in an Uncertain Market, on October 5, with Patrick Morin of Transact Capital and Michael Napolitano of Citrin Cooperman.
Although every seller would like to sell its staffing firm “as is” and walk away from any associated liabilities, few deals get done that way. Instead, subject to negotiated limitations, most buyers expect the seller to be responsible, and make the buyer whole, for certain known and unknown liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification provisions are essential to allocating risk between the parties, are complex, and require careful drafting.
Ortoli Rosenstadt LLP is pleased to announce the opening of an office in Miami, Florida, with Richard Ortoli, a founding member of the firm, as the resident partner. The Miami office is primarily focused on servicing the firm’s Latin American, European, and Florida-based clients.