Trying to Expend Best Efforts, Canadian Lawyer

Neill May is a contributor to Canadian Lawyer magazine.  This article was originally published in the November/December 2016 issue.

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.