RE: CGT liability14 Oct 2021 08:43
Happy, I don't think what Rkh paid for OM is relevant to the case.
It would be if you were suing the seller for what you paid, but that's simply not what's happening. Also it's in those circumstances that the seller can usually say, no warranties, dyor, and that they (the seller) are not liable for commercial risks you might/should uncover in due diligence. We didn't mislead you, or not completely, and we're not liable. You didn't rely, or only partially relied, on what we said etc.
None of that is happening.
Rkh are suing a third party (as a seller would usually say they should) for the consequences of what that third party, Italy, have themselves done by withhold the licence.
That's what's happening.
What Rkh paid for MOG and due diligence don't come into it. The purchase transaction is not in dispute.