Abstract
In 2016, Mankastu, an Indian company, entered into a memorandum of understanding (MoU) with Hong Kong–based AirVisual. The MoU would allow Mankastu to distribute AirVisual’s air quality monitors and purifiers in India. However, when the Swiss company, IQAir, took control of AirVisual, it decided to not honour the existing MoU. Trouble for Mankastu started. Disputes arose and a legal battle ensued. Several questions arise as a result. Did the parties not follow the letter of the law? Were the processes followed by Mankastu in the right legal spirit? Could the dispute resolution clause in the MoU have been drafted in a better manner? Was it commercially and legally prudent for IQAir not to honour the MoU? This case study examines the circumstances and events that resulted in thedispute. It also highlights the significance of paying attention to proper drafting ofanMoU.
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | STR0491 |
| Title | Mankastu, AirVisual and IQAir |
| Pages | 9 |
| Published on | Mar 27, 2025 |
| Year of Event | 2016-2020 |
| Authors | Agarwal, Anurag K. ; |
| Area | Strategy (STR) |
| Discipline | International Business, Public Policy and Law, Strategic Management |
| Sector | Health, Infrastructure |
| Learning Objective | a. Understand the importance of proper drafting of contractual clauses so that there is no ambiguity. b. Assess the jurisdictional issues in international contracts and the role of courts in resolving such issues. c. Critically evaluate institutional arbitration as compared with ad-hoc arbitration, and how the choice can be significant for building trust between businesses. |
| Keywords | MoU; International Business; Institutional Arbitration; Supreme Court of India; Air Quality; Breach |
| Country | India & Hong Kong |
| Organization | Mankastu, AirVisual and IQAir |
| Access | For All |
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