15Dec
Chancery Opinion Provides First Delaware Court Guidance on COVID-19’s Impact on MAE Provisions and Ordinary Court Course Covenants
On November 30, 2020, Vice Chancellor Laster of Delaware’s Court of Chancery issued the first case where the pandemic provided a company with the ability to walk away from its contractual obligations in a sale transaction, analyzing both the material adverse effect (“MAE”) provisions and ordinary course covenants. AB Stable VIII LLC v. MAPS Hotels and Resorts One LLC et al., C.A. No. 2020-0310-JTL (Del. Ch. Nov. 30, 2020)....
By:
Dorsey & Whitney LLP
Related
If you’re like me – and thousands of other attorneys, business owners, and individuals in Californ...
Read More >
Von Kaenel v. Armstrong Teasdale, LLP, No. 18-2850 (8th Cir. 2019) The question whether an individu...
Read More >
The day-to-day professional and personal impact of the COVID-19 pandemic is substantial. The global...
Read More >
Heeding the adage “no one knows what the future may hold,” the Seventh, Eighth and Eleventh Circui...
Read More >
In PJR Construction of N.J. v. Valley Forge Insurance Company, 2019 U.S. Dist. LEXIS 127973 (D.N.J. ...
Read More >
I) Il decreto semplificazioni (recentemente convertito in legge) ha introdotto novità non solo nel s...
Read More >