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 | Dec 15, 2015 | Business Management, Choice of Entity, Delaware Law Update, Uncategorized
Hill International, Inc. v. Opportunity Partners L.P. In Hill Int’l, Inc. v. Opportunity Partners L.P., Hill asserted that its announcement in 2014 constituted prior public disclosure of the date of the 2015 annual meeting, and since this disclosure was made more than...
by Staff of the Firm | Dec 10, 2015 | Business Management, Choice of Entity, Delaware Law Update, Uncategorized
Many are familiar with the advantages of having a formal entity for business. Limited liability companies, or LLCs, in particular, have gained popularity in recent years and seem to be the entity of choice for small business owners not only because of the liability...
