X
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
Source Url: https://www.jdsupra.com/legalnews/chancery-opinion-provides-first-18353/

Related

The Nuances of Mergers and Acquisitions with a 1099 Workforce - Openforce

The advantages of working with independent contractors, also known as 1099 workers, cannot be unders...

Read More >

Federal Judge Strikes Down NY’s Sexual Harassment Arbitration Ban

An agreement to arbitrate sexual harassment claims is enforceable, according to a recent decision ha...

Read More >

To Stalk or Not to Stalk . . . That Is the Question – Using Social Media for Applicant Review

Now more than ever, employers are using social media to screen job applicants. According to a 2018 s...

Read More >

If you build it, they may not come

I think the one place where the retirement plan industry has failed is in communication to plan part...

Read More >

2019 Summer review: M&A legal and market developments

We set out in the attached Newsletter a number of interesting English court decisions and market dev...

Read More >

Recent Statutory Changes Governing the Arizona Registrar of Contractors

The Arizona Registrar of Contractors (“Registrar”) has internally amended its regulations multiple...

Read More >