The unfortunate current COVID pandemic has significantly impacted the Australian property market. Job uncertainty coupled with low business and consumer confidence is naturally playing on the minds of sellers and buyers. To assist with context, here we explore how property prices have fared post the GFC and through COVID.
Companies making business mergers or acquisitions (M&A) will most likely have to pay more for the right to leave a deal in the event of a new outbreak. Here we explore the likely greater focus of “force majeure” and “material adverse change” on contracts in a post-COVID world.