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Results: 1-9 of 9

Lyondell: a victory for corporate directors in the Delaware Supreme Court

  • Squire Patton Boggs
  • -
  • USA
  • -
  • May 20 2009

A recent decision by the Delaware Supreme Court in Lyondell Chemical Co. v. Ryan made several important clarifications about the nature of the fiduciary duties that corporate directors owe in connection with the sale of Delaware corporations

Indemnification of officers and directors

  • Squire Patton Boggs
  • -
  • USA
  • -
  • March 23 2010

It is common for private equity funds to have their principals serve as directors and sometimes also as officers of their portfolio companies

Do investment bankers have fiduciary duties? It depends

  • Squire Patton Boggs
  • -
  • USA
  • -
  • October 7 2008

Almost anyone who reviews an underwriting agreement or engagement letter with a major investment banking firm for the first time stands back in awe

Delaware court criticizes board for selling public company at 45-percent premium

  • Squire Patton Boggs
  • -
  • USA
  • -
  • August 20 2008

A recent case from the Delaware Chancery Court (Ryan v. Lyondell Chemical Company, unpublished opinion Del.Ch. C.A. No. 3176-VCN, July 29, 2008) holds that even when a company secures a premium price in a sale, directors can be liable if they were not actively involved in the process

Corporate officer duties: officers held to have same fiduciary duties as directors, but are more exposed to personal liability for lack of due care

  • Squire Patton Boggs
  • -
  • USA
  • -
  • February 26 2009

The Delaware Supreme Court recently expressly held that officers and directors of Delaware corporations owe essentially the same fiduciary duties of care and loyalty to corporations and their stockholders

Shareholder derivative plaintiffs claiming demand excusal based on lack of director independence and disinterestedness face high hurdle

  • Squire Patton Boggs
  • -
  • USA
  • -
  • January 26 2010

The requirement that shareholders make a demand upon the company’s board of directors before proceeding with a derivative action is black-letter corporate law

Companies House: registration of charges: companies and limited liability partnerships

  • Squire Sanders Hammonds
  • -
  • USA
  • -
  • October 4 2011

The Department for Business, Innovation and Skills (‘BIS’) has published (10 August 2011) the Government’s latest proposals for revising the existing regime, contained in the Companies Act 2006, relating to the registration of security created by companies and limited liability partnerships

Delaware High Court approves fee-shifting bylaws

  • Squire Patton Boggs
  • -
  • USA
  • -
  • May 14 2014

On May 8, 2014, in an opinion that could significantly limit shareholder litigation involving Delaware corporations, the Supreme Court of Delaware

When activists come knocking

  • Squire Patton Boggs
  • -
  • USA
  • -
  • June 20 2014

The relatively recent rise in shareholder activism has been attracting a lot of attention. Since the global financial crisis, the phenomenon of major