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Court of Chancery Explains How To Apply Multiple Advancement Rights

Narayanan v. Sutherland Global Holdings Inc., C.A. 11757-VCMR (July 5, 2016)

This detailed decision explains how to interpret multiple sources, such as bylaws and contracts, to determine any conditions to the right to have attorney fees advanced. Absent some provision that ties each source together, each acts as an independent right to advancement. Thus, a condition imposed by one source is not a condition to advancement under an independent source of that right.

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