Tiffany received a counterclaim from LVMH in the Delaware court because of the failed merger of the two companies. The French holding insists that it has done everything possible to obtain regulatory approval in time: 8 out of 10 have already been received, and 2 more from the European Commission and Taiwan authorities should be received before the deadline for closing the deal. LVMH also accused Tiffany of inefficient management and violation of obligations "to conduct business as usual and to keep its commercial organizations largely untouched.