Covid19 - 29 March 2020

‘MAC-ovid-19’ – Material Adverse Change in Finance Documents in the age of Covid-19

Perhaps unsurprisingly, we at ERM are currently assisting several clients (both lenders and borrowers) to navigate material adverse change (MAC) provisions in this time of uncertainty. A MAC clause is included in the vast majority of Israeli financing documents. As in other global financing documents, and broadly speaking, such provisions set a measure for when […]

Covid19 - 29 March 2020

ERM – as always we are here for you (Video)

Covid19 - 25 March 2020

First Insights: Israeli M&A and COVID-19: Same Market (But Absolutely Different)

Since the outbreak of COVID-19 in Israel, we have witnessed three typical reactions with respect to M&A transactions: those who are aborting their transactions, before and after signing (whether they have a legitimate right or not); those who are still moving full steam ahead, sometimes subject to repricing and changes to the risk allocation matrix; […]