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Case-Law Alert - Corporate/Commercial Law


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Experienced solicitors, must be taken to know what
the label means - So said the English Court of
Appeal when it recently emphasised the consequence of holding
negotiations subject to contract . It reaffirmed the
position that once negotiations between the parties are commenced
subject to contract , this condition applies to those
negotiations up until either a formal agreement is reached between
the parties, or it is agreed that the condition should be removed.
Partner, David Fitzgibbon and Solicitor, Thomas
Burke provide some further insights here. ....

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The Interpretation Of The MAC Or MAE Clause In A COVID-19 Landscape - Corporate/Commercial Law


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COVID-19 has brought about far-reaching challenges in the
M&A space, one such being the construction, application and
interpretation of the material adverse change (MAC) clause, also
known as the material adverse effect (MAE) clause. The increased
uncertainty in the market spurred on by COVID-19 and further
intensified by Brexit, has brought with it an increased focus on
MAC / MAE clauses as risk-allocation mechanisms in M&A
transactions. MAC / MAE clauses are designed to address the
unexpected rather than the known risks. In M&A transactions ....

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Value of GOP Sen. Kelly Loeffler's $10.5m mansion mysteriously plunged 60% to $6m overnight


Value of GOP Sen. Kelly Loeffler s $10.5m mansion mysteriously plunged 60% to $4.15m overnight - saving her and New York Stock Exchange CEO husband tens of thousands in property tax each year
Loeffler and her New York Stock Exchange CEO husband, Jeffrey Sprecher, bought the 15,000-square-foot Atlanta mansion for $10.5 million in 2009, which was the most expensive ever in the city at the time
The property held its appraisal value for the next seven years, before drastically plummeting in 2016 to $4.15 million
According to the Daily Beast , the plunge in valuation resulted in a dramatic cut to their property tax bill 
They had been paying $200k annually to local government before the cut, and just $90k afterwards  ....

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