In light of the ongoing coronavirus pandemic, the Delaware bar exam has been cancelled this year, according to an announcement by the Court issued on July 24, 2020. The bar examination, usually scheduled in late July, had previously been rescheduled to September 9th to 11th.
Pursuant to the announcement, in lieu of the bar exam,…
Earlier in June 2020, the Delaware Court of Chancery has issued its Courtroom Protocols, that are being implemented, effective June 8, 2020, in conjunction with the reopening of the courthouses. A high-level summary of the new practices and procedures are set forth below:
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Section 273 of the Delaware General Corporation Law (the “DGCL”) provides a basis for the dissolution of a deadlocked “joint venture” corporation, in which two equal shareholders cannot agree on whether to discontinue the corporation. However, the Delaware Limited Liability Act (“LLC Act”) does not have a provision similar to 8 Del. C. § 273…
The Delaware Supreme Court recently issued a 50-page written opinion in Murfey, et al. v. WHC Ventures, LLC, et al., Del. Supr., No 294, 2019 (July 13, 2020), granting the limited partners’ demand for the K-1 tax returns issued to other limited partners, and overturning the Delaware Court of Chancery’s denial of such a…
