Posts for "Alternative Business Entities" filter

Post date: Posted on: June 20, 2014

At the Delaware Corporate and Commercial Litigation Blog, Francis Pileggi analyzes the Delaware Court of Chancery’s opinion in In re: El Paso Pipeline Partners, L.P. Derivative Litigation.[1]

Tags: Alternative Business Entities, Commercial Litigation, Commercial Transactions, Contracts, Corporations, Courts, Equity / Chancery, Fiduciary Duties, Legal Theory, Limited Liability Companies, Partnerships
Post date: Posted on: June 13, 2014

Gordon Smith of and Jordan Lee of Brigham Young University's J. Reuben Clark Law School have published an article on discretion in exercising fiduciary duties.

From the abstract:

Tags: Agency, Alternative Business Entities, Contracts, Corporations, Equity / Chancery, Fiduciary Duties, Legal Theory, Limited Liability Companies, Mergers and Acquisitions, Partnerships, Trust Law
Post date: Posted on: June 6, 2014

At Family BusinessCast, Tibor Dani interviews Jeff Savlov on best practices related to hiring and employing one's children in family businesses.

Tags: Alternative Business Entities, Business Ethics, Contracts, Labor and Employment, Limited Liability Companies, Partnerships, Professional News
Post date: Posted on: May 28, 2014

In the latest issue of NH Bar News, attorney Matthew Snyder discusses Revenue Procedure 2014-12, which the IRS issued in response to the decision of the US Court of Appeals (for the 3rd Circuit) in

Tags: Administrative Law, Alternative Business Entities, Commercial Transactions, Contracts, Limited Liability Companies, Real Estate / Real Property, Taxation
Post date: Posted on: April 29, 2014

The Delaware Corporate and Legal Services Blog has posted analysis by retiring Delaware Supreme Court Justice Jack Jacobs of recurring issues in corporate governance law.

Tags: Alternative Business Entities, Corporations, Courts, Equity / Chancery, Legal Industry, Legal Theory, Limited Liability Companies, Mergers and Acquisitions
Post date: Posted on: April 11, 2014

Most states' limited liability company statutes contain provisions authorizing indemnification and advancement of legal expenses incurred by managers, officers, and other controlling persons resulting from lawsuits against them in their capacity as such.  Generally, these provisions allow the LLC to reimburse (indemnify) these "covered persons" for any legal expenses, except where the court finds bad faith, gross negligence, or some other "bad act," and companies may go a step further and pay such expenses during the pending litigation (advancement), provided that if the covered person is found to have committed a "bad act," the advanced funds must be repaid.

Tags: Alternative Business Entities, Civil Litigation / Civil Procedure, Comparative Law, Corporations, Equity / Chancery, Fiduciary Duties, Limited Liability Companies

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