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
While discussing work assignments with his supervisor, an employee uses abusive and profane language...
Read More >
New regulations issued by the Departments of Labor, Treasury, and Health and Human Services have exp...
Read More >
Often perceived – rightfully or not – as an overly employer-friendly forum, mandatory arbitration ...
Read More >
The U.S. Supreme Court just did something that was more than just a bit out of character—it rejecte...
Read More >
On August 9, 2019, Illinois’ governor signed the Artificial Intelligence Video Interview Act (Act),...
Read More >
In its February 26, 2020, unanimous decision in Intel Corporation Investment Policy Committee v. Sul...
Read More >