Under the Delaware General Corporation Law (the “DGCL”), 8 Del. C. § 273 provides the basis for the dissolution of a deadlocked “joint venture” corporation, meaning that there are two 50/50 shareholders who cannot agree on whether to continue the company.  Click here for a prior post from September 2013 discussing these actions.  Also, see

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 of a Delaware company.  Prior posts from December 2013 discussed the standard imposed by the Court of Chancery for a partner, member or manager to