The recent decision of SolarReserve CSP Holdings, LLC v. Tonopah Solar Energy, LLC, C.A. No. 2020-0064-JRS (Del. Ch. July 24, 2020), handed down by the Delaware Court of Chancery, is an important read for any litigant involved in a
Delaware Business Dispute Blog
Review of Business and Commercial Litigation in the State of Delaware and Beyond
The Delaware Business Dispute Blog, published by Carl D. Neff, focuses on legal issues related to Delaware corporate and partnership law. It covers topics such as Delaware General Corporation Law (DGCL) Section 220 books and records demands, stockholder rights and litigation, appraisal rights, corporate governance, partnership agreement disputes, valuation issues, and Delaware Court of Chancery decisions. The blog analyzes procedural and substantive aspects of corporate disputes, including amendments to Delaware statutes, court rulings on inspection rights, and practical implications for stockholders, founders, and corporate entities. It also addresses founder protection strategies and evolving governance structures through company growth stages.
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Delaware 2020 Bar Exam Cancelled; Applicants to Practice Law on Limited Basis
By Carl D. Neff
In light of the ongoing coronavirus pandemic, the Delaware bar exam has been cancelled this year, according to an announcement by the Court issued on July 24, 2020. The bar examination, usually scheduled in late July, had previously been rescheduled…
Delaware Court of Chancery Issues Courtroom Protocols Pertaining to Courthouse Reopening
By Carl D. Neff
Earlier in June 2020, the Delaware Court of Chancery has issued its Courtroom Protocols, that are being implemented, effective June 8, 2020, in conjunction with the reopening of the courthouses. A high-level summary of the new practices and procedures…
Dissolution of a Delaware LLC with Members of Equal Ownership Interest
By Carl D. Neff
Section 273 of the Delaware General Corporation Law (the “DGCL”) provides a basis for the dissolution of a deadlocked “joint venture” corporation, in which two equal shareholders cannot agree on whether to discontinue the corporation. However, the Delaware Limited Liability…
Delaware Supreme Court Grants Inspection of Limited Partnership Documents
By Carl D. Neff
The Delaware Supreme Court recently issued a 50-page written opinion in Murfey, et al. v. WHC Ventures, LLC, et al., Del. Supr., No 294, 2019 (July 13, 2020), granting the limited partners’ demand for the K-1 tax returns issued…