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
Last Thursday the U.S. Federal Trade Commission (FTC) announced that the FTC and the Antitrust Divis...
Read More >
On February 27, 2020, the Federal Trade Commission (FTC) announced an action to block a proposed tra...
Read More >
In May 2020, the Securities and Exchange Commission approved amendments to the requirements for fina...
Read More >
In 2019, we saw significant activity in state legislatures passing employment-related laws in areas ...
Read More >
Recent decisions have cast doubt on the enforcement of arbitration clauses in the context of the int...
Read More >
IN BRIEF - Two recent contested merger cases, the Vodafone/TPG merger and Pacific National's (PN) ac...
Read More >