This week, Weil, Gotshal & Manges global litigation co-chair Jonathan Polkes notched a seminal win in Delaware Chancery Court that breaks new ground on material adverse effect (MAE) clauses and the pandemic. 

Polkes was lead counsel for investment firm The Carlyle Group. Along with co-investor GIC, Carlyle was poised to make a $1 billion acquisition—a 20% stake in AmEx Global Business Travel from a Certares-led group of sellers (a/k/a Juweel).

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