X
28Apr

Losing the longstop: High Court decision highlights importance of clearly drafted longstop clauses

In Damoco (Bermuda) Ltd and Others v Atlanta Bidco Ltd, the High Court rejected claims as to the longstop date for accounts needed to calculate a contractual payment. Instead, the Court adopted a much narrower interpretation of the longstop...
By: White & Case LLP
Source Url: https://www.jdsupra.com/legalnews/losing-the-longstop-high-court-decision-21753/

Related

New Rules Governing Review of Foreign Investment in U.S. Real Estate Take Effect on February 13

As mandated by the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the Committee ...

Read More >

Is There an HSR Sea Change on the Horizon? Advance Notice

At the same time as it issued its notice of proposed rulemaking expanding the definition of “person...

Read More >

FHA Issues Final Rule on Single-Family Condominium Project Approval

FHA recently announced the issuance of its long-anticipated final rule allowing Project Approval for...

Read More >

Impact of #MeToo on settlement agreements – update

Since #MeToo brought non-disclosure agreements (NDAs) into the spotlight, there has been a flurry of...

Read More >

CARES Act Questions for the Real Estate and Construction Industry - Update #7

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, a...

Read More >

AGs’ Expanding Focus Due To COVID-19 | New Antitrust Guidelines | AG Sues Timeshare Exit Companies

2020 AG Elections- Utah Attorney General Fends Off Challenger in Republican Primary- •Incumbent U...

Read More >