MAC clauses - strange animals indeed

[Joelle]

MAC clauses - strange animals indeed
      

MAC clauses have long been controversial in deals. But in a ruling out of Delaware last night on the hotly disputed Huntsman transaction, they took on a life of their own.
“… material adverse effect clauses are strange animals, sui generis among their contract clause brethren,” an opinion from Judge Lamb stated. “It is by no [...]
         

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