Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | November 9, 2022
The distinction between legal and equitable fraud is not always clearly drawn, yet subject matter jurisdiction in the Delaware Court of Chancery can depend on it.
By Dan Roe | November 7, 2022
Five GOP senators wrote the leaders of 51 large ESG practices on Nov. 4 to threaten antitrust scrutiny over alleged "collusive action to restrict the supply of coal, oil, and gas."
Delaware Business Court Insider | Commentary
By Matthew J. Rifino | November 2, 2022
In Samuels v. CCUR Holdings, C.A. No. 2021-0358-PAF (Del. Ch. May 31, 2022), the Delaware Court of Chancery found that a shareholder may challenge the fair value of a payment for a fractional interest in a company under Section 155(2) of the Delaware General Corporation Law (DGCL).
By Christine Schiffner | November 1, 2022
A bipartisan team from K&L Gates details what clients should expect when it comes to implementation of the Infrastructure Investment and CHIPS Act and other big pieces of legislation if control of Congress changes hands.
Delaware Business Court Insider | Commentary
By Albert H. Manwaring IV | October 26, 2022
In CompoSecure v. CardUX, 206 A.3d 808 (Del. 2018), the Delaware Supreme Court held that when parties use the word "void" to describe the consequences of a noncompliant act under an LLC agreement, the act is deemed void ab initio, which as a practical matter, means the act is incurably void.
Corporate Counsel | Expert Opinion
By Elisabeth Hershman | October 25, 2022
Lawyers can help their clients and corporations avoid risk by giving them timely counsel that anticipates the trends likely to drive regulation in the ESG aspects of business.
Delaware Business Court Insider | Commentary
By Sean M. Brennecke | October 19, 2022
Vice Chancellor Lori Will's recent post-trial decision in Avgiris Brothers v. Bouikidis is a useful reminder of the benefits of a well-drafted LLC agreement and reaffirmed two bedrock principles of Delaware alternative entity and contract law—parties are given wide latitude to order their affairs through a LLC agreement and that Delaware courts will strictly construe the language of those agreements.
The American Lawyer | Analysis
By Phillip Bantz | Dan Roe | October 17, 2022
Corporate lawyers who seek relative stability amid layoffs and hiring freezes are finding it at law firms that can afford to add talent in a down market.
By Jason Grant | October 14, 2022
"Plaintiffs have failed to state a claim for breach of fiduciary duty" under Scottish law, which controls, "as Scots law states that directors generally owe fiduciary duties only to their company, not to its shareholders," wrote the appeals court based in Manhattan.
The Legal Intelligencer | Commentary
By Maxwell Briskman Stanfield | October 13, 2022
It is far preferable for LLC members to consult with the proper advisers when preparing operating documents—and to ensure they draft them effectively. The documents are much more than formalities and serve as a vital portion of an LLC's formation and ongoing operation.
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