Simpson Thacher & Bartlett

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  • Corporate litigation: Big-boy letters and non-reliance provisions weblink

    Briefings | 13 December 2012

    Private investment transactions between sophisticated parties often include a negotiated agreement, sometimes called a ‘big-boy letter’, in which the buyer acknowledges that it has made its own independent assessment of the risks involved, including that the seller or other counterparty may possess material, non-public information regarding the issuer which has not been disclosed to the buyer.