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Results: 1-10 of 321

Overhaul of Illinois LLC Act Provides Modernization, Increased Flexibility
  • Holland & Knight LLP
  • USA
  • August 2 2017

Extensive changes made to the Illinois Limited Liability Company Act (the Act) will impact both existing and new LLCs. The changes are


Can a Minority Shareholder Force the Majority to Buy Their Interest?
  • Holland & Knight LLP
  • USA
  • January 4 2017

The question often arises whether a minority shareholder can require the majority to buy his interest in a privately held company. The answer, as a


Delaware Chancery Court expands number of direct claims available to stockholders
  • Holland & Knight LLP
  • USA
  • April 1 2013

On March 15, 2013, the Delaware Court of Chancery denied motions to dismiss filed by a group of director defendants and certain affiliated funds for


Changes in the UAE Commercial Agency Law
  • Holland & Knight LLP
  • United Arab Emirates
  • October 14 2010

One of the areas of greatest uncertainty for foreign investors seeking to do business in the United Arab Emirates (UAE) is the commercial agency arrangement


Article 2 of the UCC trumps unwritten intent
  • Holland & Knight LLP
  • USA
  • March 16 2015

The written terms of a contract can override the opposing party's differing understanding under the right circumstances. Mark Twain said: I have


Friction in the family business: when fiduciary duties become compromised
  • Holland & Knight LLP
  • USA
  • September 9 2013

Many people ask, "What duties are owed to a family member who has an interest in the business?" Before getting into this important topic, it is


“Special sharing” allows claims against corporate officer
  • Holland & Knight LLP
  • USA
  • January 3 2013

Judge Finnegan denied individual defendant Lang’s Fed. R. Civ. P. 12(b)(1) & (6) motion to dismiss this Lanham Act suit. Lang argued that plaintiff Lang


Delaware court finds that operating agreement language did not preempt action by written consent permitted by statute
  • Holland & Knight LLP
  • USA
  • July 30 2012

On May 29, 2012, the Delaware Court of Chancery issued a decision in a case that concerned whether the language in the operating agreement of a limited liability company (LLC) prescribed the sole manner by which the LLC's members could vote, preempting the statutory default provisions that allow for action by written consent


Second Circuit ends "doing business" test in New York for general jurisdiction
  • Holland & Knight LLP
  • USA
  • February 12 2015

Following Daimler AG v. Bauman, the Second Circuit has cemented the "essentially at home test" into New York's jurisdictional jurisprudence, limiting


Delaware Chancery Court upholds validity of forum selection by-laws
  • Holland & Knight LLP
  • USA
  • June 28 2013

On June 25, 2013, Chancellor Leo E. Strine of Delaware's Court of Chancery declared valid corporate by-laws that require that disputes involving