23Oct
English Court Rules On COVID-19 Material Adverse Effect In M&A Transaction
On 12 October 2020, the Commercial Court handed down judgment in the first case in which the English courts have had to consider whether COVID-19 resulted in a material adverse effect (“MAE”) (Travelport Ltd & Ors v WEX Inc [2020] EWHC 2670). In expedited proceedings brought by the sellers, Mrs Justice Cockerill addressed a number of preliminary issues relating to the MAE provisions in the sale documentation. This is likely to be such an important question in the current climate and the court’s...
By:
Goodwin
Source Url: https://www.jdsupra.com/legalnews/english-court-rules-on-covid-19-82661/
Related
The US Department of Labor (DOL) has announced its proposal to amend its regulations regarding “whi...
Read More >
On August 20, 2019, Governor Andrew Cuomo signed an amendment to the New York Human Rights Law which...
Read More >
The battle over the scope and applicability of the so-called “ABC test” in determining California ...
Read More >
With so many questions surrounding artificial intelligence’s effect on the workplace and workforce,...
Read More >
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance relat...
Read More >
On March 29, 2019, Mexico’s government launched the Pilot Program to Register Domestic Workers to t...
Read More >