Выпуск №6

Problems of Аpplying the Institute of Material Adverse Change

Авторы:

Alexander A. Zaria

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Информация о статье:

Тип статьи: jurisprudence

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Для цитирования:

A. A. Zaria,‘Problems of Аpplying the Institute of Material Adverse Change’, Ural Journal of Legal Research, 2020, No. 6. pp. 24-31. DOI 10.34076/2658-512X-2020-6-24-31.

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Аннотация:

The article examines a popular foreign institution of material adverse change, which, due to the development of Russian turnover, has become widespread in the field of corporate mergers and other deals. Due to the absence of suitable constructions, which is not enshrined in Russian law, that allow you to get out of the contract that has become unprofitable for the buyer company, the use of this construction becomes quite convenient due to its theoretical elaboration. Using the analysis of foreign practice of application and the essence of a material adverse change, the possibilities of implementing this institution in Russian law and also the ways of its effective application in practice in various jurisdictions are investigated.

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Список цитируемой литературы:

1. T. G. Ochkhaev, Change and Termination of the Contract due to a Significant Change in Circumstances, Candidate of Juridical Sciences Thesis, Moscow, 2015, 249.

2. J. M. Antonio, Risk Allocation and Flexibility in Acquisitions: The Economic Impact of Material-Adverse-Change (MACs) Clauses, Waco, Texas: Krannert Graduate School of Management Purdue University, 2009, 61.

3. Ewan McKendrick, Contract Law (10th edition), New York: Paragrave Macmillan, 2013, 390.

4. A. S. Andrew, A ‘Standard Clause Analysis’ of the Frustration Doctrine and the Material Adverse Change Clause (2010) 57 UCLA LAW REVIEW 789, 839.

5. Kirsten Birkett, Untying the Knot: Material Adverse Change Clauses, PLC, 2002, 25.

6. K. V. Nam The Principle of Good Faith: Development, System, Problems of Theory and Practice, Statute, 2019, 278.

7. A. G. Karapetov Economic Analysis of Law, Statute, 2016, 528

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Ключевые слова:

material adverse change, futility, corporate merger, moral hazard, conditional deals

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