by Staff of the Firm | Oct 11, 2016 | Bankruptcy, Business Management, LLC, Uncategorized
To be sure, bankruptcy is not something that new and emerging businesses often think about. But however unpleasant the thought might be, it may become necessary in the course of running a business to get a fresh start. In the second quarter of 2016, for example,...
by Staff of the Firm | Sep 1, 2016 | Uncategorized
In Dieckman v. Regency GP LP,[1] the court noted that limited partnerships are governed by their partnership agreements and by Delaware’s limited partnership law. As the court emphasized, the explicit policy of the law is “to give maximum effect to the principle of...
by Staff of the Firm | Aug 25, 2016 | Delaware Law Update, Partnerships, Uncategorized
Dieckman v. Regency GP LP[1] involved the acquisition of Regency Energy Partners LP (“Regency”) by an affiliated entity in a merger. Dieckman was a former unitholder of Regency. Dieckman claimed that Regency’s general partner (“GP”) favored the interests of its...
by Staff of the Firm | Aug 18, 2016 | Delaware Law Update, Partnerships, Uncategorized
In our previous blog series on Comparison of LLC Statutes, we talked about fiduciary duties in the context of a limited liability company (LLC). Fiduciary duty is a legal duty to act solely in another person’s interests. It generally encompasses the duty of care...
by Staff of the Firm | May 3, 2016 | Business Management, New York Law Update, Personal Liability, Uncategorized
Public Sector Pension Investment Board (“PSP”) was a Canadian corporation that invested the pension assets of various Canadian public employees.[1] Between 2012 and 2013, PSP invested with investment advisor Saba Capital Management, L.P. (“Saba”). At some point, PSP...
