A l’issue de la formation le participant devra être capable de :
• Understanding Reps and Warranties: Definitions and Practice
• Understanding the Difference Between the Buy-Side and Sell-Side Perspectives
• Drafting Reps and Warranties From Both Buy-Side and Sell-Side Perspectives
• Understanding Material Adverse Change/Material Adverse Effect
• Drafting MAC/MAE Clauses From Both Buy-Side and Sell-Side Perspectives
Understanding Representations and Warranties
-What is the difference between representations, warranties, reps & warranties, and covenants? Why does it matter?
-How to protect your client by identifying the correct buy-side or sell-side perspective
Exercices 1 and 2
Apply and test the above concepts
How to Draft Representations and Warranties
-How to shift risk in drafting reps & warranties through application of buy- or sell-side qualifications
-Hands-on drafting of reps & warranties, buy-side and sell-side
Exercices, 3, 4, 5, 6 and 7
Apply and test the above concepts
Converting R&W from buy side to sell side and vice-versa
Basics of Material Adverse Change/Material Adverse Effect
-Definitions: what is the difference between MAC, MAE and force majeure?
-The test of MAC through recent US cases
Drafting Tips for MAC/MAE
-Drafting tips: building a MAC clause; what are the three levels of MAC?
-Hands-on drafting of MAC/MAE clauses covering scope, exceptions and carve-outs, buy-side and sell-side
-How useful is a MAC?
MAC and Covid 19
-MAC and Covid: Recent decisions of Common Law courts in the time of Covid
Exercices 8 and 9
Modify buy side MAC to sell side
Modify MAC sell side clause back to neutral
La certification qualité a été délivrée au titre de la catégorie d'actions suivantes :
actions de formations