Mergers, Take-Overs and Monopolies (Control) Act, 1978

Right of purported vendor of shares to damages.

4.—Where a purported sale of shares is rendered invalid under section 3, the purported vendor shall be entitled to recover from the purported purchaser any damages the purported vendor suffers by reason only of the invalidity, unless the purported purchaser satisfies the court that before the purported sale he had notified the purported vendor of circumstances relating to the proposed sale which gave rise to the possibility of such an invalidity.