In early 2020, the Covid-19 pandemic had unseated the material adverse change (MAC) clause as the core concern for law firms. Three years down the road, and this has not given rise to an increase in litigation, but is a potential bone of contention in negotiations.
Article quoting Stéphan Alamowitch, Partner from our Banking & Finance team published in Option Droit & Affaires on 20th September 2023.