Posts for "Comparative Law" filter

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
Post date: Posted on: April 2, 2014

The Alabama Legislature has passed the Alabama Limited Liability Company Law of 2014, a substantially revised and restated version of their prior LLC law.

Tags: Alternative Business Entities, Comparative Law, Contracts, Legislation, Limited Liability Companies
Post date: Posted on: April 1, 2014

At Above the Law, Dan Harris of the law firm of Harris Moure has thoughts about the futility of attempting to enforce U.S. court judgments against defendants located in China:

Tags: Alternative Dispute Resolution, Comparative Law, Contracts, Courts, Creditor / Debtor Law, International Law, Legal Theory, Technology & Law
Post date: Posted on: February 26, 2014

As Business Law Basics continues to be formatted and updated for inclusion on this website, we present an excerpt from Chapter 18.

Tags: Commercial Litigation, Commercial Transactions, Comparative Law, Contracts, Legal Theory, Professional News
Post date: Posted on: February 12, 2014

Harvard Law School's Forum on Corporate Governance and Financial Regulation has published a revised version of "Top Ten 2013 Delaware Corporate and Commercial De

Tags: Appeals, Comparative Law, Contracts, Corporations, Courts, Equity / Chancery, Fiduciary Duties, Legal Opinions, Limited Liability Companies, Mergers and Acquisitions, Partnerships, Securities