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Showing 1 to 1 of 1 for “"New York Law"”.
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Uncertainty in Debt Finance: Reconceptualising Material Adverse Change Clauses
… popularity, vague drafting and the lack of case law have made the application and construction of MAC clauses extremely ambiguous and uncertain. The uncertainty affecting MAC clauses has been acknowledged by courts, scholars, practitioners, economists, and policymakers. However, there has been a …