24Dec
Fairstone Financial v Duo Bank – Ontario Court Interprets MAC Clause
In Fairstone Financial Holdings Inc v Duo Bank of Canada, Koehnen J. of the Ontario Superior Court of Justice (Commercial List) had the opportunity to further the limited jurisprudence on material adverse change/material adverse effect (MAE) clauses. Unsurprisingly, this jurisprudence has become more prominent as a result of the suddenness and uncertainty of the COVID-19 pandemic. In this decision, Koehnen J. considered the applicability of an MAE clause and other covenants in a share purchase...
By:
Bennett Jones LLP
Related
Seyfarth Synopsis: The U.S. Chemical Safety and Hazard Investigation Board (CSB) has proposed new ac...
Read More >
Welcome to your weekly update from the Allen & Overy Pensions team, bringing you up to speed on the ...
Read More >
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. In thi...
Read More >
The Real Estate Law (Reinforcement of Condominiums against Earthquakes) 5768-2008 (the “Reinforceme...
Read More >
On September 24, 2019, the U.S. Department of Labor (DOL) announced a final rule to make an estimate...
Read More >
In the first-of-its-kind ruling last week, the Fifth Circuit held that the EEOC’s investigators and...
Read More >