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COVID-19’s Impact on M&A Transactions and Material Adverse Effect Clauses The COVID-19 pandemic has given rise to many M&A-related disputes. By some estimates, over 3,000 commercial cases were filed in U.S. federal courts alone as a result of the COVID-19 crisis. This figure does not account for numerous COVID-related disputes that were filed in U.S. state courts. Given that many transactions involving Latin American parties incorporate New York law or are based on provisions developed under New York law, these decisions may be of particular interest to companies doing business in Latin Ame...

Co-Authored by Aonkan Ghosh The latest version of the ICC Rules came into force on 1 January 2021 (the " 2021 ICC Rules"). The revisions that have been made to the 2017 edition are intended to address the changing needs of arbitration users based on learnings from the past four years. The 2021 ICC Rules will apply to all arbitrations commenced after 1 January 2021 (save to the extent that parties have agreed to submit to an earlier version of the ICC Rules as in force on the date of their arbitration agreement). The ICC also released a revised Note to Parties and Arbitral Tribunals on the Con...

To embed, copy and paste the code into your website or blog: The International Chamber of Commerce (ICC) has released revised arbitration rules, which are expected to become effective from 1 January 2021 and apply to arbitration proceedings commenced after that date. The Revised Rules can be found here. The previous two revisions to the ICC Rules were in 2017 (see our comments here) and 2012 (see our comments here). The Revised Rules, which are intended to provide “further steps towards greater efficiency, flexibility and transparency,” 1 cover a wide range of issues and include a number ...

The International Chamber of Commerce ( "ICC") has come up with new set of Arbitration Rules 2021 ( "ICC Rules 2021") which will come in effect from 01 st January, 2021. As compared to the earlier Arbitration Rules of 2017 ( "ICC Rules 2017"), it seems that ICC Rules 2021 is not a complete revamp of the procedural rules for conducting arbitration. Rather, it preserves a substantial portion of the ICC Rules 2017 while introducing provisions that indicate towards ensuring more efficient adjudication of disputes. The ICC Rules 2021 lays more emphasis on adopting fair procedure and have further b...

It has to do specifically with the results in scotland. this is what the representation in the british parliament looked like in terms of the scottish seats, before last night's results. so the seats in the british parliament from scotland. parliament looked like this in terms of party representation, before last night's results. the red bar there represents the labor party, the yellow bar is for the scottish national party, which led the effort for scotland to secede and become its own country last year even though it wasn't successful. but this is how it looked heading into last night. here'...