Skyview capital conduent

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To contact the reporter on this story: Mike Leonard in Washington at mleonard bloomberglaw. To contact the editors responsible for this story: Rob Tricchinelli at rtricchinelli bloomberglaw. Gregory at pgregory bloomberglaw. To read more articles log in. Learn more about a Bloomberg Law subscription. Free Newsletter Sign Up. Log in to access all of your BLAW products.

Single Sign-On. Remember Password Log In. Such a lawsuit is not in and of itself unusual, but the circumstances that led to its filing are. In many ways, the dispute between Conduent and Skyview presents common issues that arise with the sale of businesses.

In February , Skyview, a private equity firm, agreed to buy three call centers from Conduent. Purportedly, the purchase agreement requires that the call centers, located in India, the Philippines, and Jamaica, be transferred by April 30, The India and Philippine centers were transferred ahead of schedule, but the Jamaican center still remains in the hands of Conduent. With the agreed-upon closing date fast approaching, the parties are quarreling over their respective rights and obligations under the agreement.

Initially, Skyview sued Conduent in the New York Supreme Court, the forum chosen by the parties in their agreement to litigate all disputes. In the New York action, Skyview alleges that Conduent fraudulently misrepresented facts and breached contractual obligations.

Whatever the legitimacy of the parties respective claims of breach of contract, fraud, and improper attempts to delay or impede the transfer of the Jamaican call center, it is clear that their contractually chosen forum will not be able to promptly rule on their rights and obligations.

Conduent hopes that the Delaware court will accept jurisdiction, expeditiously decide its entitlement to payment, and rule that the parties may proceed with the transfer of the Jamaica call center.

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