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The unconflicted board and Revlon duties

USA - July 9 2013 On May 9, 2013, the Chancery Court declined to enjoin the proposed merger of Plains Exploration & Production Company ("Plains") with Freeport-McMoRan…

Howard Glazer, Jane D. Goldstein, Aaron A. Harsh, James T. Lidbury

A duty to negotiate in good faith gets enforced

USA - July 9 2013 In SIGA Technologies, Inc. v. PharmAthene, Inc., the Delaware Supreme Court affirmed that a contractual obligation to negotiate in good faith is…

Howard Glazer, Jane D. Goldstein, Aaron A. Harsh, James T. Lidbury

Arbitration clauses in China: an already complicated subject becomes even more so

China - July 9 2013 A common provision in cross-border M&A and other transactional agreements involving parties based in China is a dispute resolution clause providing…

Howard Glazer, Jane D. Goldstein, Aaron A. Harsh, James T. Lidbury

The Basket case

USA - July 9 2013 In an opinion denying a motion to dismiss, Delaware's Vice Chancellor Parsons considered the relationship between an indemnification "basket" and the…

Howard Glazer, Jane D. Goldstein, Aaron A. Harsh, James T. Lidbury

Final Treasury regulations present dealmakers with new opportunities to step-up inside tax basis

USA - July 9 2013 On May 10, 2013, Treasury published long-awaited final regulations under Section 336(e) of the Internal Revenue Code of 1986, as amended (the "Code")…

Howard Glazer, Jane D. Goldstein, Aaron A. Harsh, James T. Lidbury