Wex Deal Leaves Questions On UK Approach To M&A Suits

By Paige Long (December 21, 2020, 4:59 PM GMT) -- The decision by WEX Inc. to settle its high-profile dispute over the purchase of two travel companies shows the power of merger litigation to bring parties back to the negotiating table, but it also marks a missed opportunity for the English courts to provide more clarity on the use of material adverse clauses to exit a deal.

The English courts are getting to grips with cases of deals broken because of the coronavirus pandemic, and lawyers predict there will be more. (iStock) The revised deal inked last week means the financial technology company will buy Optal Ltd. and eNett International (Jersey) Ltd. for...

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