Davis and Whitley Co-Author Article About Bankruptcy Remote Entities in Delaware
20 March 2017
Partners Gardner Davis and Danielle Whitley together wrote an article, “Blocking Director’s Fiduciary Duty Essential for Successful Remote Entity Structure,” which explains why, in compliance with Delaware laws, blocking directors need to serve as fiduciary for bankruptcy remote entities (BRE), rather than for the entities’ loan lenders.
Within the article, Davis and Whitley describe BREs and the processes and formalities associated with them, explain why Delaware LLC managers owe fiduciary duties, and extensively analyze specific cases having to do with BREs to explain the importance of blocking directors having these fiduciary duties.
Within the article, Davis and Whitley describe BREs and the processes and formalities associated with them, explain why Delaware LLC managers owe fiduciary duties, and extensively analyze specific cases having to do with BREs to explain the importance of blocking directors having these fiduciary duties.
Author(s)
Related Insights
25 April 2024
On Trial
A Trial Lawyer’s Trial Lawyer: Paul Callan On Trial
In this episode of On Trial, host Christopher DeGennaro sits down with seasoned trial lawyer and CNN legal commentator Paul Callan, former deputy chief of the Brooklyn District Attorney’s Office, with 30 years’ experience as a trial lawyer.
25 April 2024
Health Care Law Today
New Favorable OIG Advisory Opinion Allows Patient Assistant Programs Funded by Drug Manufacturers
The Office of Inspector General recently issued a new favorable advisory opinion regarding patient assistance programs for 12 specific disease funds.
09 May 2024
Events
The FTC Noncompete Rule: Where Do We Go From Here?
On Tuesday, April 23, 2024, the Federal Trade Commission (FTC) voted to finalize a rule abolishing the vast majority of employee noncompetes across the United States.