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
What next for Taiwanese banks and businesses? The COVID-19 pandemic's severe impact on the global e...
Read More >
..Based on the Department of Labor’s Final Rule, the minimum annual salary level for most employees...
Read More >
On 1 March 2020, the Russian President signed the bill setting forth the legal framework for the int...
Read More >
Back in 2006, when Rule 34 of the Federal Rules of Civil Procedure (FRCP) was amended to create a ne...
Read More >
While many states, counties, and municipalities have encouraged and recommended compliance with CDC ...
Read More >
Sunday’s release of a long-awaited Labor Department final rule on joint employment spells trouble f...
Read More >