An involuntary dissolution action is an important remedy for any partner, member or manager of a Delaware alternative entity (an LLC, LLP, GP or LP, defined below) to force dissolution
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Dissolution and Winding-Up of Delaware Corporations (Part II)
By Fox Rothschild LLP on
This post will continue the discussion of the dissolution and winding-up procedure of a Delaware corporation.
Can the Court Judicially Supervise the Winding-Up Procedure?
Yes. Under Sections 280 and 281(a)…
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Dissolution and Winding-Up of Delaware Corporations (Part I)
By Fox Rothschild LLP on
If you are a shareholder or director of a Delaware corporation, you may one day find it advantageous to dissolve your company. This post will generally discuss the dissolution and…
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Receiver Request Denied For Corporation Which Held No Assets Other Than Liability Insurance Policies
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A recent case decided by the Delaware Court of Chancery is important for any corporation considering a dissolution which will still have liability insurance coverage for years after its dissolution…
Directors’ and Shareholders’ Reference Guide to Summary Proceedings in the Delaware Court of Chancery
By Sheldon Rennie on
The Delaware Court of Chancery is internationally recognized for resolving disputes related to corporations and other business entities. Its excellence, opportunity for proceedings and swift determination, actions known as summary…
Court Approves Attorneys’ Fees Under Bad Faith Exception to American Rule
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In the case of Coughlin v. South Canaan Cellular Investments, LLC, C.A. No. 7202-VCL (Del. Ch. July 6, 2012), Respondents made a request for fee shifting under the…
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Court of Chancery Defers Ruling on Summary Judgment Motion
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In the case of Wagamon v. Dolan, C.A. No. 5594-VCG (Del. Ch. Apr. 20, 2012), the Court of Chancery reviewed Defendant William Krieg’s motion for summary judgment pursuant…
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Delaware Court of Chancery Addresses Procedure for Pursuing Claims on Behalf of a Limited Liability Company After Its Dissolution and Cancellation
By Sheldon Rennie on
The Delaware Court of Chancery in Matthew v. Laudamiel, C.A. No. 5957-VCN, (Del. Ch. Feb. 21, 2012) addressed, among other things, the issue of whether the dissolution and cancellation of…