RKS is covering the the Cannalaw Summit, a conference covering a range of topics including cannabis valuation. Beyond the newest US states to legalize recreational cannabis use, Mexico is proceeding with legalization steps in what observers said could become “the
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VC Kathaleen McCormick Nominated as Next Del. Chancellor
The Governor of Delaware has nominated Vice Chancellor Kathaleen McCormick to the post of Chancellor (the ‘chief judge’ of the Delaware Chancery Court). The nomination is to replace retiring Chancellor Andre Bouchard.
Steve Hecht of Rolnick Kramer Sadighi…
Guest Post: Malaysia – No Appraisal Right, Only Dissenting Right in Compulsory Acquisition
Like certain U.S. states, the country of Malaysia does not give dissenting shareholders any right to appraisal of the value of their shares. Instead, the Malaysian Capital Markets and Services Act of 2007 (“Act”) provides that in a “compulsory acquisition,”…
Cannabis Valuation Space Becoming “Smoking Hot”
In this new post, major asset manager Alger spotlights the growing cannabis sector and underscores investors’ opportunities alongside increased public support and favorable legislative changes.
For more on factors affecting cannabis business valuation, including regulatory changes and legalization pushes,…
Key Takeaways From the Appraisal Decisions in the Year 2020 Covered by Law360
A recent article from Law 360 [$$$] broke down the important considerations from the 2020 appraisal decisions of the Delaware Supreme Court and Delaware Court of Chancery. One of the takeaways from authors Lewis Lazarus and Bryan Townsend of Morris…
Cannabis Business Valuation: EisnerAmper on Varied Approaches to Value
Given the rapid developments in the cannabis space — with 15 states having now legalized recreational marijuana and 21 states allowing medicinal use — approaches to the valuation of cannabis companies continues to evolve. In this new piece by EisnerAmper…
Corporation Seeks to Validate Merger After Botched Notice
Devon Energy Corporation seeks to have the Delaware Chancery Court validate a shareholder vote after a notice snafu resulted in approximately 15% of shareholders receiving untimely notices on a $15 billion merger. After the merger closed between Devon Energy and…
South African Appraisal Rights: Details of Settlement Provide Unique Look Into Bid-Ask Dynamic
We’ve covered South African appraisal rights before – it remains a jurisdiction with active valuation and appraisal disputes making the news. One recent news article recaps a situation involving South African appraisal in the case of Sabvest Capital/Sabcap.
Per the…
Settlement Proposed For Investors Challenging Restructuring Alleged to Benefit Insiders
The Delaware Court of Chancery was asked last week to approve a $6.85 million settlement in case brought by a class of public stockholders challenging a corporate restructuring alleged to have favored insiders at the expense of the class.
According…
Guest Post: Cayman Court Confirms Appraisal Rights in Short-Form Mergers
In a comprehensive ruling handed down last week, the Grand Court of the Cayman Islands confirmed that minority shareholders of companies that undertake a ‘short-form’ merger are entitled to dissent from the merger and to be paid fair value for…