MAC (Material Adverse Change): a Recurring Clause in Mergers and Acquisitions (M&A)
The Covid-19 pandemic changed the world on many levels. Seen within the context of the various public health measures governments around the world have taken, such as curfews and lockdowns, which effectively hindered commercial activity, the pandemic continues to have an impact on the negotiation process and the conditions under which mergers and acquisitions take …
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