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Breaking Up (a Business) Is Hard to Do: How to Plan Ahead to Ease the Pain | White and Williams LLP


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In business, as in marriage, financial problems put stress on a relationship and are a common cause of divorce. No business divorce is easy, but partners who have ahead of time vetted governance, dispute resolution, termination and exit provisions stand a better chance of an easier, less expensive separation. But regardless of how extensively partners consider issues before entering into a business relationship, unforeseeable circumstances like the current COVID-19 pandemic can present scenarios that even the smartest, most prescient minds may not have anticipated. Even still, a thoroughly negotiated and well-drafted agreement can help parties to avoid or simplify litigation and make the outcome more predictable. ....

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Gibson Dunn | 2020 Year-End German Law Update


January 14, 2021
In 2020, the COVID-19 pandemic taught the world another lesson about the unpredictability of life. Each country responded to the challenges posed by the pandemic in its own way. The German Government in its familiar technocratic and sober approach quickly unlocked massive financial resources to mitigate any immediate economic damage. It supported a further relaxation of the purse strings at EU level and put legislative acts in place that helped manage the uncertainty in the most affected industries for now. Hit by a second wave of the pandemic in an unexpectedly hard way, Germany is now left wondering whether the country really was smart in the spring or just lucky. The new year 2021 will provide the answer to this question. ....

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