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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
You can always find the topics here!Topics: Business risks, Business, Financial risk, Financial transactions, Commercial law, Economic conditions, Market conditions, Subsidiary companies, Assumption of risk, Adverse effects
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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.
© 2010 American Bar Association