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Trying to expend best efforts

November-1-2016

Lawyer Neill May
Area Corporate Finance and Securities, Mergers and Acquisitions

Summary

Article originally published in the Canadian Lawyer Magazine, November/December 2016

Excerpt from "Trying to expend best efforts":

The recent high-profile Delaware Court of Chancery case of Williams Companies, Inc. v. Energy Transfer Equity, L.P., the fallout of a failed transaction initially valued at  approximately US$33 billion, has again focused attention on “efforts” provisions, and it highlights how analysis of these provisions tends to be highly fact-specific.

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