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
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/
Related
Fencing Company's Mistreatment of Black Employee, Including Racial Slurs and Noose Display, Forced H...
Read More >
On January 31, 2020, Health and Human Services Secretary Alex M. Azar II declared a public health em...
Read More >
Two important employment-related bills have been introduced in the House of Representatives of Arizo...
Read More >
Roughly a year ago, we reported on a district court judge’s determination that the Affordable Care ...
Read More >
The Committee on Foreign Investment in the United States (CFIUS) last week added considerable teeth ...
Read More >
Progression of all stages of a development are likely to be challenging for the foreseeable future, ...
Read More >