de facto merger doctrine
C2CEFR level
92/100Rarity: very rare
TechnicalRegister
A judicial theory that recharacterises an asset sale as a merger so the buyer inherits the seller's liabilities.
Structuring it as an asset deal did not help; the court found a de facto merger and pinned the tort claims on the acquirer.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
Get words like de facto merger doctrine on your lock screen, a few a day, with review that makes them stick.
Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
On a computer?Scan with your iPhone camera.