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The Legal Intelligencer

Creditors of Insolvent Limited Partnerships Lack Standing to Pursue Derivative Claims

The topic of when and who can assert claims against insiders for breach of fiduciary duty and related matters is often confusing when it involves a bankruptcy estate.
7 minute read

Delaware Business Court Insider

Del. High Court Awards $126M in Damages for Breach of LLC Agreement, Reversing Chancery

Delaware courts will enforce the terms of well-drafted, unambiguous contracts. Clearly communicating and memorializing parties' expectations in the terms of their contract puts parties in the best position possible to have their expectations enforced and receive the benefit of their bargain.
7 minute read

The Legal Intelligencer

What Venture Capitalists Are Looking for From a Startup

A group of friends with big ideas and little capital, now taking the first steps with a promising startup, will likely require a financial boost to get higher off the ground. Even an experienced entrepreneur might need some help with a new business. Enter a venture capitalist.
7 minute read

International Edition

Bakers UK Arm Achieves Double-Digit Turnover, Profit Growth As Board Pay Surges

The firm has grown its London financial footprint alongside its global expansion.
2 minute read

Delaware Business Court Insider

Efforts Clauses Do Not Impose Duty to Warn and Notice Provisions Will Be Strictly Enforced

A recent decision by the Delaware Court of Chancery provides important guidance on two types of contractual provisions that routinely appear in complex purchase agreements—efforts clauses and notice provisions.
5 minute read

The Legal Intelligencer

Court: Standby Limitation in Subordination Agreement Enforceable Under Section 510(a) 

In a decision recently issued by the U.S. Bankruptcy Court for the Northern District of Illinois, In re Argon Credit, No.16-bk-39654 (Bankr. N.D. Ill. Jan. 10, 2019), the court held that standby limitation provisions in subordination agreements prevented the subordinated lenders from pursuing discovery on the senior lender's claim.
8 minute read

The Recorder

Private Equity and Impact Investing: Rethinking Exit Opportunities

Private equity, with its appetite for risk and ability to quickly access industry expertise, represents an increasingly promising source of capital for socially conscious and environmentally sustainable enterprises.
7 minute read

The Legal Intelligencer

Understanding Private Placement Memoranda and When to Use Them

Raising capital for a business can be a challenge. Business owners often look to debt or equity financing in order to raise capital to fund the desired venture.
7 minute read

Delaware Business Court Insider

Del. Courts Highlight Risk of 'Void' Provisions in Alternative Entity Agreements

These decisions highlight the powerful effect, and potentially unintended consequences, of using a “void” provision in the governing documents of Delaware alternative entities.
6 minute read

International Edition

McDermott's London Revenues Rocket Almost 40 Percent

As London's revenues rise sharply new boss Hamid Yunis says he wants to continue to strengthen non-US offices.
3 minute read

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