Richard Hall and Dan Cerqueira Contribute to Legal 500’s 2025 Country Comparative M&A Guide

Cravath partner Richard Hall served as contributing editor of Legal 500’s 2025 “Mergers & Acquisitions Country Comparative Guide,” which was published in April 2025. The guide provides a pragmatic overview of M&A laws and regulations across a variety of jurisdictions. Together with Richard, partner Daniel J. Cerqueira authored the United States chapter of the guide, which reviews M&A trends, the current state of the market and key considerations for companies and shareholders.

Richard and Dan also authored a “Hot Topic” article entitled “Efforts Standards in Earnout Provisions,” which reviews common formulations of the efforts provision and their implications given the growing prevalence and economic importance of earnouts, including a recent decision by the Delaware Court of Chancery which directly addressed a claim that a buyer had breached its earnout efforts covenant.

Please click here to read the U.S. Q&A.

Please click here to read the “Hot Topic” article.