Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The material adverse change clause, typically granting an acquiring party a right to refuse to complete an M&A transaction if there is a material adverse change at the target prior to closing, is a standard feature in U.S. acquisition agreements. Indeed, the evidence is that the majority of U.S. M&A deals feature a material adverse change, or “MAC,” clause or condition.1 It is understandable, then, that U.S. parties may be surprised at the differences in the market practice and legal framework relating to MAC clauses in Europe. This article provides a general overview of MAC clauses as used in three key European legal systems—England, France and Germany—and highlights contemporary practice and law in those jurisdictions.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.