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Brexit and Material Adverse Change clauses

Brexit and Material Adverse Change clauses
Published on: 07 July 2016
Published by: LexisPSL
  • Brexit and Material Adverse Change clauses
  • Does the result in the EU referendum mean that MACs will be triggered in credit agreements and mandate letters?
  • What is the difference between a 'business MAC' and a 'market MAC'?
  • What do 'business MACs' drive at?
  • I have a business MAC in my loan agreement or underwrite—is it triggered?

Article summary

Banking & Finance analysis: David Campbell, a partner in Allen & Overy’s banking department, considers whether the result in the EU referendum means that Material Adverse Change clauses (MACs) are triggered in credit agreements and mandate letters. or take a trial to read the full analysis.

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