The attached article first addresses the general impact of COVID-19 on mergers and acquisitions (M&A). Second, it talks about the issues in agreements that the concerned parties in the deal have to check out, including the impact of COVID-19 on a material adverse change in M&A. In addition, the article addresses checkpoints in chronological order: phase one is the COVID-19 pandemic happened before signing the agreements, and phase two is a pandemic that is between signing and closing in Korea.
If you have any questions or need further information on the impact of COVID-19 on the M&A process, please feel free to contact us at inquiry@dowoolaw.com or call +82.2.6207.1114.