In their Corporate Insurance Law column, Howard B. Epstein and Theodore A. Keyes of Schulte Roth & Zabel write that most liability policies contain a standard no-transfer clause to protect the insurer from a material increase in risk resulting from an ownership change. Courts differ, however, as to how this clause is enforced.
Enforceability of Non-Assignment Clauses in Asset Purchase Deals
New York Law Journal
June 29, 2012
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