Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Blog Post | Timely Disclosure

Potential Bought Deal Market Disruption Citing COVID-19 as Grounds for Termination

Fasken
Reading Time 1 minute read
Subscribe

Overview

It is likely that a trend will emerge in the coming months of cancelled transactions leading to litigation as to whether the impact of the novel coronavirus (“COVID-19”) amounts to a “disaster” or a force majeure under various agreements. Standard underwriting agreements contain termination provisions, some of which may be triggered by COVID-19. As a... Continue Reading

Authors

    Subscribe

    Receive email updates from our team

    Subscribe