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
02 August 2024
Events
Texas Environmental Superconference – PFAS: From Here to Eternity
Dottie Watson will be speaking during the panel “PFAS: From Here to Eternity” during the Texas Environmental Superconference.
17 July 2024
Viewpoints
New York Department of Financial Services Issues New Guidance Concerning the Use of Artificial Intelligence in Insurance– What You Need to Know
On July 11, 2024, the New York Department of Financial Services issued Insurance Circular Letter No. 7 adopting guidance regarding the use of artificial intelligence in underwriting and pricing decisions.
17 July 2024
Innovative Technology Insights
USPTO Clarifies Patent-Eligibility Guidelines for AI Inventions
Effective July 17, 2024 the USPTO has provided an update to its 2019 guidance on patent eligibility for AI innovations.