acquiescence

Magic Words Still Matter, and Equitable Defenses Can’t Save a “Void” Transfer

By Peter J. Sluka on September 19, 2022

Posted in Corporate Governance, Delaware, LLCs

This week’s post covers a case likely to make waves inside and outside of Delaware, where Vice Chancellor Laster explores the interplay between acts that are void ab initio and equitable defenses, and he encourages an appeal so that Delaware may reconsider its laws on the issue.
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Delaware Declines Subject Matter Jurisdiction Over Judicial Dissolution of Foreign Entities

By Peter A. Mahler on September 6, 2021

Posted in Delaware, Foreign Business Entities

The Delaware Chancery Court finally caught up with court decisions in New York and elsewhere, ruling last month in a case involving a bitcoin mining company that Delaware courts lack subject matter jurisdiction to adjudicate petitions to dissolve non-Delaware business entities. Learn more in this week’s New York Business Divorce.
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