Cineplex Inc. is a Canadian entertainment company. Credit: JHVEPhoto/Shutterstock.com Canadian Decision Offers Roadmap on M&A Obligations During a Pandemic
A Canadian court ruled that U.K.-based exhibitor Cineworld was unjustified in walking away from a deal with Cineplex, awarding Cineplex more than C$1.2 billion in damages.
December 16, 2021 at 04:41 PM
5 minute read
A court decision awarding Canadian movie theatre chain Cineplex Inc. more than C$1.2 billion in damages over a botched deal with U.K.-based Cineworld Group Plc offers some of the first authoritative guidance on interpreting standard M&A clauses in the time of COVID.
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