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M&A Watch: 'Ordinary Course of Business' During Not-So-Ordinary Times | Shearman & Sterling LLP - Vimarsana News

M&A Watch: 'Ordinary Course of Business' During Not-So-Ordinary Times | Shearman & Sterling LLP

On December 8, 2021, the Delaware Supreme Court upheld the Delaware Court of Chancery’s decision that Mirae Asset Financial Group (“Mirae”) was excused from closing a $5.8 billion...

Delaware Supreme Court Holds That Seller's Changes to Operations Because of COVID-19 Breached the Ordinary Course Covenant and Relieved Buyer of Its Obligation to Close - Vimarsana News

Delaware Supreme Court Holds That Seller's Changes to Operations Because of COVID-19 Breached the Ordinary Course Covenant and Relieved Buyer of Its Obligation to Close

On Dec. 8, 2021, the Delaware Supreme Court in AB Stable VIII LLC v. MAPS Hotels and Resorts One LLC, No. 71, 2021 (Del. Dec. 8, 2021) affirmed the…

Delaware Supreme Court Rules on Impact of Seller's Actions in Response to COVID-19 in M&A Transaction | Akin Gump Strauss Hauer & Feld LLP - Vimarsana News

Delaware Supreme Court Rules on Impact of Seller's Actions in Response to COVID-19 in M&A Transaction | Akin Gump Strauss Hauer & Feld LLP

Key Points - On December 7, 2021, the Delaware Supreme Court unanimously upheld the Court of Chancery’s decision in AB Stable VIII LLC v. MAPS Hotels and Resorts One...

Hotel Group Seller's COVID-19 Response Breaches 'Ordinary Course' Covenant, Excusing Buyer's Performance | Ballard Spahr LLP - Vimarsana News

Hotel Group Seller's COVID-19 Response Breaches 'Ordinary Course' Covenant, Excusing Buyer's Performance | Ballard Spahr LLP

Delaware’s Supreme Court held this month that a buyer’s obligation to close a hotel group purchase was excused where the seller adopted what it described as “proportional changes in...

Important Updates By Delaware Chancery Court To Its Practice Guidelines - Litigation, Mediation & Arbitration - Vimarsana News

Important Updates By Delaware Chancery Court To Its Practice Guidelines - Litigation, Mediation & Arbitration

One of the reasons that so many corporations and other business entities are formed in Delaware is that their disputes will be resolved in the Delaware Court of Chancery, where the Chancellor and Vice Chancellors are widely considered ...

Source: mondaq.com