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Morrison & Foerster LLP | USA | 20 Jun 2019

Introducing the Public Benefit LLC

Four years after Delaware first enacted its Public Benefit Corporation (PBC) statute, the state has taken another step forward in advancing legal


K&L Gates | USA | 2 Apr 2019

Know Thyself: Self-Awareness in Corporate Valuations

In Kendall Hoyd and Silver Spur Capital Partners, LP v. Trussway Holdings, LLC (C.A. No. 2017-0260-SG), the Delaware Court of Chancery (the “Court“)


Ropes & Gray LLP | USA | 20 Mar 2019

In Delaware, Notices and Deadlines Matter

The recent Delaware Court of Chancery decision by Vice Chancellor Glasscock in Vintage Rodeo Parent, LLC v. Rent-A-Center, Inc is illustrative of the


Morrison & Foerster LLP | USA | 28 Feb 2019

Changes to Delaware LLCs Necessitate Loan Document Modifications

Lenders risk losing collateral and credit support and other adverse results if provisions in new loan documents restricting merger and sale of assets


Stradling Yocca Carlson & Rauth | USA | 21 Feb 2019

Delaware Supreme Court Allows Email Inspection In Books & Records Suit

The Delaware Supreme Court in a recent order ruled an investor that is investigating potential fraud and mismanagement at Palantir Technologies has


Troutman Sanders LLP | USA | 5 Feb 2019

Year in Review: Summary of Noteworthy Items Impacting Commercial Lending Practices in 2018

Below are summaries of the noteworthy decisions, laws and requirements impacting the commercial lending industry which occurred or took effect in 2018


K&L Gates | USA | 9 Jan 2019

Patently False: The Delaware Chancery Court Dissolves Limited Liability Company Founded on False Claims of Patent Ownership

In Decco U.S. Post-Harvest, Inc., v. MirTech, Inc., the Delaware Chancery Court issued a Memorandum Opinion dissolving a limited liability company


Carey Olsen | USA, United Kingdom | 20 Dec 2018

Offshore limited liability companies and the family office

Often described as a hybrid between a company limited by shares (LTD) and a partnership, limited liability companies (LLCs) are widely regarded as


Lewis Rice LLC | USA | 18 Dec 2018

Subtraction by Division: How Recent Changes to the Delaware LLC Act Can Pose Risks for Lenders

Delaware has long been a popular choice for entities to use as their state of formation. As a result, lenders all over the country routinely make


K&L Gates | USA | 29 Nov 2018

Back to Basics: Delaware Court of Chancery Uses Contract Principles To Determine Dispute Involving Several Provisions of a LLC Agreement

The Delaware Court of Chancery ("Court") applied contract principles in interpreting a limited liability company ("LLC") agreement to determine the

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