Already an IBA member? Sign in for a better website experience
The IBA’s response to the situation in Ukraine
In this webinar speakers from selected jurisdictions will discuss the actual and expected effects of the virus on M&A transactions.
As a consequence of lock-downs and disruption of trade, most pending deals will not come to a close soon. Sellers have doubts about purchasers’ liquidity, availability of funding, or even solvency, or expect being asked to give far-fetching representations and warranties to purchasers. These, in turn, will want to shift to sellers as much as possible the risk of the target’s uncertain future business outlook. Can parties still opt-out?
Will MAC-clauses or interim period operative covenants provide for relief in deals between signing and closing?
The pandemic is infecting both done deals and future deals. In transactions which have already been closed price determination and adjustment clauses, like earn-out mechanisms, will become increasingly important, and can be expected to be challenged more than ever.
For successful future transactions the effects of the pandemic on the target’s business have to be assessed thoroughly and addressed effectively. Can we wave goodbye to locked box and welcome closing accounts mechanisms again? Which specific stipulations can be expected in future transaction documentation? Join this webinar and find out!Answered questions from the audience