In early August 2020, the board of Far Point Acquisition Corporation (Far Point), a Special Purpose Acquisition Company (SPAC), met to discuss whether they needed to walk away from their deal to acquire Global Blue. Global Blue was a retail and technology payments company best known for their business in international tax-free shopping. Far Point had signed an agreement to buy Global Blue in January 2020, just before COVID-19 struck. Companies in the travel industry, like Global Blue, were particularly hard hit, and Far Point could argue that Global Blue had suffered a “Material Adverse Effect” that would let Far Point out of the deal. The Far Point board had to decide what to do.