Topic
corporate dissolution
143 published works
New York Business Divorce
You Sued for Dissolution, They Elected to Buy You Out, What Else Do You Want?
In Hammad v Al-Lid Food Corp., decided last month by Justice Sylvia Ash, the court denied the minority shareholder's application for various interim remedies sought after the company elected to…
La Revue
Opérations de dissolution sans liquidation : le tribunal administratif de Montreuil apporte des précisions
TA Montreuil 18-1-2018 n°1701374 Le tribunal administratif de Montreuil apporte des précisions dans le cadre des opérations de dissolution sans liquidation. D’une part, il étend la solution rendue en matière…
New York Business Divorce
One 50% Shareholder Wants to Sell or Liquidate the Business. The Other Wants to Keep It Going. Is That Deadlock?
50/50 shareholders disagree whether to liquidate the business or continue it. Is that enough for a deadlock dissolution petition? Find out in this week’s New York Business Divorce.
Wisconsin Business Law Blog
How to Dissolve Your Unneeded Wisconsin Corporation
Sometimes keeping a corporation going serves no useful purpose. If you have such a corporation, here are some useful steps to consider. Typical corporate terminations involve both a “liquidation,” the…
New York Business Divorce
The (Even More) Elusive Surcharge in Dissolution Proceedings
The much-neglected surcharge provision in corporate dissolution litigation is looking even less attractive after a trial court's decision earlier this month, limiting its application to buy-out proceedings. Learn more in…
The D&O Diary
Ontario Statute: Directors and Officers of Dissolved Corporations May be Held Liable for Environmental Liabilities
A new Ontario statutory provision affecting the liability of directors and officers of dissolved corporations for environmental remediation costs recently caught my attention. As discussed in a December 5, 2016…
Delaware Chancery Law Blog
Delaware Dissolution Proceeding Dismissed in Favor of Prior Pending Litigation
A question that is often posed to Delaware corporate practitioners is whether a non-Delaware court can dissolve a Delaware entity. Certain jurisdictions, such as Texas, will generally decline to dissolve…
New York Business Divorce
How Not to Oppose a Dissolution Petition
The respondents in a case recently decided by Justice Kim Dollard learned the hard way that opposing a corporate dissolution petition requires more than an attorney affirmation or attorney-verified answer.…
New York Business Divorce
Who Pays When the Court Compels a Buy-Out?
Does an appellate ruling last week represent a change in the law concerning whether individual shareholders or the corporation or both can be compelled to purchase the shares of an…
New York Business Divorce
Court Dismisses Dissolution Petition Amidst Multi-Jurisdictional Battle for Control of LLC
An unusual, two-state battle between 50-50 owners of a New York LLC led to a decision earlier this month by Justice Kornreich dismissing a dissolution petition and denying injunctive relief…