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Revisiting the MAC Clause in Transaction: What Can Counsel Learn from the Credit Crisis?

Andrew M. Herman and Bernardo L. Piereck
Business Law Today
(August 2010), pp. 1-3
Published by: American Bar Association
Stable URL: http://www.jstor.org/stable/businesslawtoday.2010.08.03
Page Count: 3
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Revisiting the MAC Clause in Transaction: What Can Counsel Learn from the Credit Crisis?
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Abstract

Counsel to mergers and acquisitions transactions can learn from the challenges posed by the credit crisis to reassess the use of “Material Adverse Change,” or “MAC,” clauses to allocate pre-closing risk between the parties.

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