17Oct
WEX Win Interpreting COVID-19 Material Adverse Effect Shows M&A Drafting Traps
On October 12, 2020, in Travelport Ltd & Ors v WEX Inc [2020] EWHC 2670, Justice Cockerill of the English High Court held that WEX had in large part correctly interpreted the terms of the material adverse effect (MAE) clause that it invoked to pull out of a $1.7 billion acquisition. The ruling demonstrated that.......
By:
Skadden, Arps, Slate, Meagher & Flom LLP
Source Url: https://www.jdsupra.com/legalnews/wex-win-interpreting-covid-19-material-43070/
Related
Many companies are taking precautions in light of the Corona Virus Disease 2019 (the Coronavirus or ...
Read More >
As employers are well aware, the pay and hours worked data component of the EEO-1 (known as “Compon...
Read More >
Why This Matters - Earlier this month, the U.S. Supreme Court unanimously ruled in Fort Bend County...
Read More >
The current corona virus (COVID-19) situation raises many questions relating to German building law ...
Read More >
Pursuant to the Hart-Scott-Rodino (HSR) Antitrust Improvement Act of 1976, the Federal Trade Commiss...
Read More >
On Monday New York City entered Phase 1 of re-opening. Phase 1 guidance provides specific guidelines...
Read More >