MAC or Material Adverse Change ClausesWith widespread application in M&A transactions, MAC clauses are a very useful instrument since, as a rule, they allow the buyer to withdraw from a transaction in case of significant adverse changes that discourage the economic aim of the contract.Read more
Force Majeure and Rebus Sic Stantibus Clauses in the context of the COVID-19 CrisisForce majeure and rebus sic stantibus clauses are particularly relevant in the context of the COVID-19 health crisis. These legal instruments allow for a modification of the terms of contracts in extraordinary and unpredictable circumstances such as at present.Read more