Quimbee logo
DMCA.com Protection Status
From our private database of 17,600+ case briefs...

Parfi Holding AB v. Mirror Image Internet, Inc.

Delaware Supreme Court
817 A.2d 149 (2002)


Mirror Image Internet, Inc. (Mirror) (defendant) was a Delaware subsidiary of Swedish corporation Mirror AB (AB). Xcelera Inc. (Xcelera), Plenteous Corp. (Plenteous), and AB stockholders Grandsen, Ltd. and Gillberg contracted to provide $2 million in funds to Mirror in exchange for stock. The minority stockholders claim that Mirror issued discounted stock to Xcelera to increase Xcelera’s ownership share from 62.5 to 91.8 percent and that Xcelera used its position to advance its own interests. The contract included a provision requiring arbitration of any claims “arising out of or in connection with this Agreement, or the breach, termination or invalidity thereof” in Sweden. Parfi Holding AB (Parfi) (plaintiff) raised a breach of contract claim in a Swedish arbitration, but the arbitration tribunal only awarded damages to Plenteous on the ground that Plenteous relied on Xcelera’s promise that it would not be involved in “corporate action,” like the issuance of new stock, without Plenteous’ consent. Parfi then sued Mirror in the Court of Chancery for breach of fiduciary duties and other claims. The court concluded that the arbitration clause in the agreement was broad enough to include any claims related to the contract and granted summary judgment in favor of Xcelera. Parfi appealed to the Delaware Supreme Court.

Rule of Law


Holding and Reasoning (Veasey, C.J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 457,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 457,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 17,600 briefs, keyed to 984 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers

Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial