02Nov
COVID-19: High court issues preliminary ruling on interpretation of Material Adverse Effect clause
In a dispute between WEX (Inc.) (“WEX”) and the shareholders (the “Sellers”) of eNett International (Jersey) Limited (“eNett”) and Optal Limited (“Optal”), following an expedited trial on a number of preliminary issues, the High Court’s judgment (Travelport Limited & Others v WEX INC [2020] EWHC 2670 (Comm)) provides helpful guidance on the interpretation of material adverse effect (“MAE”) clauses which are not commonly used in English law acquisition documents. The judgment is also notable for...
By:
Bryan Cave Leighton Paisner
Related
The Colorado Department of Labor and Employment (CDLE) has adopted permanent amendments to its Wage ...
Read More >
For decades, the problem of scheduling has plagued employers and employees alike. Employees prefer p...
Read More >
U.S. FTC merger enforcement gathers pace n- This month we have seen a flurry of activity on the mer...
Read More >
Despite not being an automotive hub historically, Israel has emerged as a hotbed of innovation for t...
Read More >
Executive Summary: The long-awaited decision from a federal judge in Massachusetts was released on S...
Read More >
On July 11, 2019, the Supreme Court of Canada (the SCC) granted leave to appeal from the Alberta Cou...
Read More >