Vice Chancellor J. Travis Laster of the Chancery Court of the State of Delaware. Courtesy photo; Delaware Hotel Case Is First to Find Impact of COVID-19 Pandemic Can Void Sales
It can reasonably be expected that in light of Laster's ruling on the scope of the material adverse effect clause, sellers moving forward will try to include general, broad language in contracts to protect themselves and buyers will challenge that, said a Quinn Emanuel lawyer in the case.
December 01, 2020 at 06:28 PM
3 minute read
A Delaware Court of Chancery case is the first to allow a company to back out of a transaction due to unforeseen business consequences of the COVID-19 pandemic.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
