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
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