Gil Kahn

Snell & Wilmer

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Delaware Court of Chancery Adopts Reverse Veil-Piercing

In a case of first impression in Delaware, the Court of Chancery adopted the equitable doctrine of reverse veil-piercing1 in Manichaean Capital LLC v Exela Technologies Inc., a post-merger action to enforce an appraisal...more

6/23/2021 / Appraisal , Corporate Counsel , Corporate Veil , Delaware General Corporation Law , Mergers , Piercing the Corporate Veil , Securities and Exchange Commission (SEC) , Subsidiaries

Sorting Through the Kettle of Fish: Delaware Supreme Court Enforces Contractual Provisions Limiting Liability to “Deliberate...

When determining whether to uphold an indemnification provision that carved out an exception for only deliberate fraud, the Delaware Supreme Court recently explained in Express Scripts, Inc. v. Bracket Holding Corp., ___ A.3d...more

4/2/2021 / Contract Terms , Corporate Counsel , DE Supreme Court , Fraud , Indemnification Clauses , Misrepresentation , Private Equity , Representations and Warranties , Representations and Warranties Insurance , Stock Purchase Agreement

Nevada Governor Sisolak’s Latest Directive Significantly Eases Restrictions on Public Gatherings

At a press conference on September 29, Governor Steve Sisolak revealed the details of Directive 033, the latest order issued pursuant to his pandemic-related Emergency Declaration. Citing the lower rate of new COVID-19 cases...more

10/1/2020 / Churches , Coronavirus/COVID-19 , Entertainment Venues , Governor Sisolak , Nevada , Professional Conferences , Public Gatherings , Public Venues , Trade Shows

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