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
The New Jersey “Task Force on Employee Misclassification” has released its report on misclassifica...
Read More >
This month's Friday Five discusses cases that probe the issue of what is appropriately considered in...
Read More >
Brydon DeWitt discusses captive insurance arrangement strategies with CPA Scott Bailey, Jr., a partn...
Read More >
Due to pressure from construction workers, officials, and some construction workers having tested po...
Read More >
Last month, the Illinois Supreme Court granted a petition for leave to appeal the Illinois Appellate...
Read More >
On August 8, 2019, the Minneapolis City Council unanimously passed the Wage Theft Prevention Ordinan...
Read More >