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On February 10th, the US Court of Appeals for the Fifth Circuit addressed, in one opinion, two separate appeals arising from a company's Chapter 11 bankruptcy
The opinion issued by the Delaware Supreme Court (the “Court”) in the matter of CML V, LLC v. Bax, No. 735, 2010 (Del. Supr. Sept. 2, 2011)1 on September 2, 2011 will generally impact the relationa Delaware limited liability company’s relationship with its non-member contractual parties, and specifically its lenders
