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
The Securities and Exchange Commission (SEC) announced an award to an overseas whistleblower, with t...
Read More >
In what can be considered a triumph for common sense, the National Labor Relations Board [“NLRB” o...
Read More >
PSD2 does not clarify to whom the consolidated account information may be provided to still qualify ...
Read More >
U.S. Department of Commerce proposes to regulate transactions involving Information and Communicatio...
Read More >
As the number of coronavirus (COVID-19) cases climbs in the U.S. and across the world employers shou...
Read More >
All of our workplaces are vulnerable to their own Mind Flayer, though. It may be a grievance among e...
Read More >