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03Dec

Delaware Court of Chancery Issues Major Decision on COVID-Related Issues in M&A Deals, Allows Buyer to Terminate Agreement for Breach of Operating Covenant

Dechert LLP | | Return|
In a late night, 242-page decision, the Delaware Court of Chancery ruled that the buyer in a purchase and sale agreement was relieved of its obligation to close and could terminate the agreement as a result of the changes made to the business by the seller in response to the COVID-19 pandemic....
By: Dechert LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-court-of-chancery-issues-major-25045/

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