Lawyering

A bit of humanity

I saw phone numbers that I did not recognise flashed on my phone screen as I was discussing work with a colleague. I contemplated whether to answer the call. As other introverts may tell you, we generally don’t like calls when we are deeply focused on something. I picked up …

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M&A: Three types of material adverse change (MAC) clause

When drafting MAC clause in a sale and purchase agreement, consider which of the following may be more appropriate: 1. Measurable MAC This type of MAC clause provides that MAC is deemed to have happened when measurable financial metrics such as profit, EBITDA or turnover of a target company declines …