Category: Litigation

MAC clauses and Brexit

In a previous post, we touched briefly on the likelihood of a material adverse change (MAC) being called in light of the referendum result, and in this note we discuss the current market position in more depth. There are two types of MACs: a ‘business MAC’ and a ‘market MAC’. Market MACs, often contained in...

UK Litigation in a Post Brexit World

As in so many other areas, the effect of the decision to leave the European Union in the referendum on 23 June 2016 on litigation in England and Wales in still highly uncertain. There are a number of issues that the UK government will need to consider during their negotiation of the terms of the...