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

SECURE Act and Spending Bills – Impact on Plan Sponsors

The Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), the larg...

Read More >

Amendment to Child Protective Services Law Eliminates “Provisional” Background Checks for Schools

Any Pennsylvania university, college or K-12 school that had allowed employees to begin working whil...

Read More >

New York Court Takes the Bite Out of a Food Manufacturer’s Request for Destructive Testing

Although there are times when both parties agree on the need to perform destructive tests on an obje...

Read More >

Financial Daily Dose 8.26.2019 | Top Story: Amgen to Pay More Than $13 Billion for Otezla

Amgen will pay $13.4 billion in cash to buy psoriasis treatment Otezla, a deal that will “pave the ...

Read More >

Client Alert: FIDIC Terms in the Context of COVID-19

Projects around the globe are undeniably suffering impacts caused by the COVID-19 pandemic. Those in...

Read More >

In Legal Ops, Happiness is a Warm Workflow

If you’re keeping employees happy in the workplace, they’re more productive – new research confir...

Read More >