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Pamela Helen Guenard
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MAC/MAE Clauses In The Context Of COVID-19 - Coronavirus (COVID-19)

A recent Ontario
decision of
Fairstone Financial Holdings Inc. v.
Duo Bank of Canada
(
Fairstone ) became the first
Canadian case to consider material adverse change
(
MAC ) or material adverse effect
(
MAE ) clauses in the context of
COVID-19. In Fairstone, Duo Bank of Canada sought to invoke
the MAC/MAE clause to exit the transaction but the court did not
allow it to do so. This blog explains the reasoning of the
court and takes a broad look at the law of MAC/MAE clauses within
the context of COVID-19.
MAC/MAE Review
MAC/MAE is generally
defined as the occurrence of unknown events that ....

United States , Norton Rose Fulbright , Fairstone Financial Holdings Inc , Norton Rose Fulbright Canada , Consumers Glass Co , Duo Bank , Stetson Oil Gas Ltd , Alberta Court , Marathon Canada Ltd , Enron Canada Corp , Stifel Nicolaus Canada Inc , Fairstone Financial Holdings , Consumers Glass , Marathon Canada , Enron Canada , Overall Earnings Potential , Stetson Oil , Rose Fulbright , Latin America , Mac Mae Clauses In The Context Of Covid 19 , Coronavirus Covid 19 , Operational Impacts And Strategy , ஒன்றுபட்டது மாநிலங்களில் , நார்டன் உயர்ந்தது ஃபுல்பிரைட் , நார்டன் உயர்ந்தது ஃபுல்பிரைட் கனடா , நுகர்வோர் கண்ணாடி இணை ,