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MYT Netherlands Parent B.V.: Q4, FY 2021 Results: Mytheresa Reports Another Quarter of Exceptional Net Sales Growth; Full FY 2021 Net Sales at €612.1 Million, a Growth of 36.2% Over Last Year and 61.5% Compared to Full FY 2019

MYT Netherlands Parent B.V.: Q4, FY 2021 Results: Mytheresa Reports Another Quarter of Exceptional Net Sales Growth; Full FY 2021 Net Sales at €612.1 Million, a Growth of 36.2% Over Last Year and 61.5% Compared to Full FY 2019
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Have Your Cake, And Closing Too: Invoking Prevention Doctrine, Delaware Chancery Court Grants Seller's Request For Specific Performance In COVID-Related M&A Dispute - Corporate/Commercial Law


Chancellor McCormick s opinion in
Chalking up a victory for
deal certainty, this post-trial decision resolves all
issues in favor of seller and orders the buyers to close on the
purchase agreement. In reaching this order, the court applied
the prevention doctrine, finding that the unavailability of
buyer s debt financing did not permit buyer to circumvent its
obligation to close because buyer materially contributed to the
debt financing being unavailable. The application of the prevention
doctrine in this context is noteworthy and raises some interesting
(albeit unanswered) questions as it relates to the remedy regime
that has become commonplace in deals with private equity buyers. ....

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