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" ... Although not specifically addressing the allegation over the failure to obtain a carveout for a public health crisis or pandemic, Tiffany argues that LVMH’s claim of a Material Adverse Effect is “baseless and still has no factual, contractual or legal support.” Tiffany’s statement also disputed LVMH’s claim that the “pandemic has devastated Tiffany’s business,” claiming that fourth-quarter earnings in 2020 will be “greater than those in the same period in 2019 — the exact opposite of LVMH’s unsupported claims.” A source from the Tiffany camp says the carveout allegations are part of an attack from LVMH that will likely play better “in the press” than in a court of law. ... "
" ... Beyond that, article 50 does not have a carveout for fiscal provisions, according to the opinion. It remains to be seen whether these arguments will be persuasive. ... "
" ... I think you're going to see a lot of fights over that carveout in states where states press forward. Misclassification is an issue that goes well beyond the economy. It has ramifications well beyond the tax withholding, but then every time they go have these conversations, Uber and Lyft and similar gig economies are going to be right there, demanding their carveout. ... "
" ... Joe Cornell, founder of research firm Spin-Off Advisors, thinks such a carveout would be “far more palatable to Sony management.” Such a move would be a “baby step,” Cornell says, and a separately traded currency could produce an incentive for the entertainment unit’s management, and “rev up the entrepreneurial zeal of that business.” ... "
" ... Shapiro & company explain how this carveout gives Texas-based companies a government-imposed advantage: ... "