Material adverse change clauses in light of the Covid-19 pandemic

Given the ongoing impact of the Covid-19 pandemic, a review of “material adverse change” (MAC) clauses (also known as material adverse effect (MAE) clauses) in the context of a business acquisition, seemed particularly timely. A MAC clause is essentially designed to provide a way to address unanticipated eventualities in documentation.

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Fraud in the sub line market – should we be concerned?

In recent weeks, news of the JES Global Capital fraud committed by fund manager Elliot Smerling has come to light. Unfortunately, we live in world where fraud, much like death and taxes, is inevitable.

Full steam ahead at the Jersey ships registry

The Ships Registry in Jersey registered more vessels last year than in any of the previous 30 years. Against a backdrop of uncertainty surrounding Brexit and the difficulties created by the global pandemic, we consider what drove this perhaps unlikely statistic.

Latest Briefings

Irish regulation in focus: Culture and individual accountability

Increasingly, there is a focus on culture and individual accountability in regulated firms. This has been heightened by various consumer protection issues which have been investigated including the tracker mortgage examination; high profile enforcement actions and the recent engagement with insurers on business interruption cover during COVID-19. Consistently, the Central Bank of Ireland (“Central Bank”) […]

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