About This Blog

Summaries and analysis of recent Delaware court decisions concerning business-related litigation.

Morris James Blogs

Links

Court Of Chancery Again Affirms Use of Conflict Committee

Posted In LP Agreements

Natural Energy Development Inc. v. Shakespeare-One Limited Partnership, C.A. 4836-CS (July 22, 2013)

The Court of Chancery once again has affirmed that the proper use of a conflicts committee may immunize a transaction from attack.  This is now a common feature of LLP and LLC agreements but each agreement's terms are critical to its impact and its implementation.