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 | Jun 9, 2016 | Business Management, Partnerships, Personal Liability, Texas Law Update, Uncategorized
In our previous post, Can a Partner Be Held Liable for a Partnership Debt in Texas?, we discussed the Texas Supreme Court’s holding in American Star Energy and Minerals Corporation v. Stowers[1] that a creditor cannot sue individual partners to satisfy a partnership...
by Staff of the Firm | Jun 2, 2016 | Business Management, Partnerships, Personal Liability, Texas Law Update, Uncategorized
In American Star Energy and Minerals Corporation v. Stowers,[1] four partners formed a general partnership called S&J Investments (“S&J”) to invest in oil and gas properties. S&J contracted with American Star Energy and Minerals Corporation (“American”)...
