Posts tagged Ordinary Course Covenant.
Delaware Chancery Court Provides Important Guidance on COVID-19’s Impact on a Buyer’s Obligation to Close:

Seller’s COVID-related actions breached an “ordinary course” covenant, even though the COVID-19 pandemic did not give rise to a “material adverse effect.”

Authored by Michael R. Neidell and Zachary E. Freedman, Law Clerk

Tags: Corporate Law   COVID-19   Delaware corporate law   Delaware Law   MAE   Ordinary Course Covenant   Public M&A
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