According to Bloomberg, so far this month (3/1-3/17) ten M&A global deals have been terminated. Interestingly, during the same period for the last 3 years, deal terminations have been at least 2 times higher. However, there are over 10,000 pending deals that may be impacted by COVID-19 in future days and months.

Citing Material Adverse Changes (MAC) and other claims, we may see an uptick in litigation related to M&A deal breakups.