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Recovery Of Attorney' Fees Caused By The Breach Of A Mandatory Arbitration Clause - Litigation, Mediation & Arbitration

Recovery Of Attorney' Fees Caused By The Breach Of A Mandatory Arbitration Clause - Litigation, Mediation & Arbitration
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PPP loans: Who got the most money in Erie County?

PPP loans: Who got the most money in Erie County?
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Polarean Imaging PLC (AIM:POLX) | RNS | Polarean Imaging PLC

RNS Number: 7908 A Polarean Imaging PLC 04 June 2021 Polarean Imaging Plc. Polarean Imaging plc, the medical- imaging technology company, with an. ....

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Have Your Cake, And Closing Too: Invoking Prevention Doctrine, Delaware Chancery Court Grants Seller's Request For Specific Performance In COVID-Related M&A Dispute - Corporate/Commercial Law

Chancellor McCormick s opinion in
Chalking up a victory for
deal certainty, this post-trial decision resolves all
issues in favor of seller and orders the buyers to close on the
purchase agreement. In reaching this order, the court applied
the prevention doctrine, finding that the unavailability of
buyer s debt financing did not permit buyer to circumvent its
obligation to close because buyer materially contributed to the
debt financing being unavailable. The application of the prevention
doctrine in this context is noteworthy and raises some interesting
(albeit unanswered) questions as it relates to the remedy regime
that has become commonplace in deals with private equity buyers. ....

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The Party Must Continue – With A Cake - Corporate/Commercial Law

On April 30, 2021, the Delaware Chancery Court (the
“Court”) issued a decision in
Snow Phipps Group,
LLC v. KCake Acquisition, Inc., ordering an affiliate of
private equity buyer Kohlberg & Co. (“Kohlberg”) to
acquire cake decoration supplier, DecoPac Holdings Inc.
(“DecoPac”), for $550 million. In the opinion, newly
sworn-in Chancellor Kathaleen McCormick affirmed prior case law on
several common contractual provisions that bear on deal certainty
in the time of COVID-19 (including material adverse effect, or
“MAE,” conditions; interim operating covenants; and the
reasonable best efforts standard). Most notably, however, the Court
said it had “chalked up a victory for deal certainty”
by granting DecoPac s request to force Kohlberg to ....

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