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Delaware Supreme Court Affirms Excused Performance For Breach Of "Ordinary Course" Covenant During Pandemic | Shearman & Sterling LLP - Vimarsana News

Delaware Supreme Court Affirms Excused Performance For Breach Of "Ordinary Course" Covenant During Pandemic | Shearman & Sterling LLP

On December 8, 2021, the Supreme Court of Delaware sitting en banc affirmed a Court of Chancery ruling that excused the buyer of a group of high-end hotel properties (the “Buyer”) from...