X
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/

Related

New York State Enacts Broad New Sexual Harassment & Discrimination Legislation

Why This Matters - On August 12, 2019, New York Governor Cuomo signed into law legislation that gre...

Read More >

Supreme Court finds that offending words can be severed from non-compete restrictive covenants

The Supreme Court has considered the law on severance of restrictive covenants, and further develope...

Read More >

NLRB Proposes New Rules to Modify Union Election Policies

The National Labor Relations Board (the "NLRB" or "Board") issued a Notice of Proposed Rulemaking on...

Read More >

The New U.S. Antitrust Vertical Merger Guidelines: Five Things You Need to Know

The final Vertical Merger Guidelines issued on June 30, 2020 provide guidance to the business and le...

Read More >

NYC Public Accommodations Will be Required to Post Signs that Portable Ramps are Available

Starting January 1, 2020, New York City public accommodations that provide portable ramps for entran...

Read More >

Alert: Year-End Reporting for ISOs and ESPPs

This alert serves as a reminder of certain year-end reporting requirements imposed under Section 603...

Read More >