X
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
Source Url: https://www.jdsupra.com/legalnews/fairstone-financial-v-duo-bank-ontario-22305/

Related

The Next Round of Federal Labour Reform: Minimum Wages and Employment Standards

In December 2019, the federal government released the report of an expert panel on the changing natu...

Read More >

[Video] Sitting with the C-Suite: Reveal's Acquisition of NexLP – Making Bold Moves by Leading with AI

On Monday, August 17, 2020, Baker Donelson's Clinton Sanko sat down with Wendell Jisa, CEO of Reveal...

Read More >

M&A is top of mind: Will dealmakers actually double down in a downturn? Dealmakers plan to lean into a downturn

Half of the executives in our survey expect to do more deals if there's a downturn in 2020 than if t...

Read More >

EPA Final Rule may keep projects at existing major sources from triggering stringent pre-construction permitting requirements

On October 22, 2020, the EPA issued a long-awaited final rule that amends and clarifies the preconst...

Read More >

Closed Defined Benefit Plans: IRS Again Extends Nondiscrimination Testing Relief Through 2020 and Expands Relief to BRF Testing

Closed defined benefit plans—i.e., defined benefit plans that are frozen to new participants but th...

Read More >

[Video] Trekking Through Compliance-Episode 25-Errand of Mercy

In this episode of Trekking Through Compliance, we consider the episode Errand of Mercy which aired ...

Read More >