News & Analysis as of

Corporate Dissolution

Troutman Amin LLP

“TROUBLING” TCPA CONSPIRACY?: Court Orders Individuals Accused of Shutting Down Businesses and Re-Opening Them to Avoid TCPA...

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At Troutman Amin, LLP we never defend scumbags– so we’re always looking for red flags at intake. One big red flag is if a potential client says something like “hey, even if I get hit with a huge judgment we’ll just shut down...more

Rivkin Radler LLP

A Corporation’s Loss of Capacity and the Tax Court’s Jurisdiction

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When things start to go badly in a business, its owners may feel compelled to take certain extraordinary, and usually ill-conceived, measures “to keep the doors open and the lights on.” For instance, when faced with a...more

Kerr Russell

Oppression, Dissolution, and Deadlock: How Companies Can Minimize Risk of Minority Shareholder Oppression Claims

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Oppression, Dissolution, and Deadlock — these words read like a defensive strategy for a team making a deep March Madness run. They are also the buzzwords used by minority shareholders in claiming misconduct by a company’s...more

Holland & Knight LLP

Constitución de garantías en procesos sancionatorios ambientales

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De acuerdo con la Ley 2387 de 2024, que modificó la Ley 1333 de 2009, cuando una empresa se encuentra en causal de disolución, prevé entrar o efectivamente entra en procesos como disolución, fusión, escisión, reorganización,...more

Nossaman LLP

Episode One: Corporate Divorce – Preventing and Managing the Break-Up of a Business Partnership

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In this episode, Kimberly Kamkar is joined by corporate law partners Patrick Richard, Anna Tang and Doug Schwartz to explore the complexities of business "break-ups." They discuss essential practices for future planning, the...more

Farrell Fritz, P.C.

On Camera: My Recent Video Interview on, What Else, Business Divorce (Part One)

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I recently had the pleasure of being interviewed by Sandra Schulte at the media production studios of the Manhattan Neighborhood Network located near the Javits Center. Sandra, whom I met at a CLE program where I was a...more

Mayer Brown

The Curious Case of the Disappearing Freehold: Lulham v Crown Estate Commissioners [2025]

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What happens when the freeholder not just disappears, but the very freehold itself ceases to exist? We know from case law that when a freehold escheats, the derivative interests such as mortgages and leases survive, however a...more

Mayer Brown

The Curious Case of the disappearing Freehold: Lulham v Crown Estate Commissioners [2025]

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What happens when the freeholder not just disappears, but the very freehold itself ceases to exist? We know from case law that when a freehold escheats, the derivative interests such as mortgages and leases survive, however a...more

Walkers

Shareholders' relief for unfair prejudice in the BVI and the Cayman Islands

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The BVI and the Cayman Islands both have regimes in place to address unfair prejudice suffered by shareholders, although each jurisdiction approaches the issue differently. The threshold for successfully bringing an...more

Roetzel & Andress

Navigating Disputes Within Your Health Care Practice

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Disputes among partners or shareholders can have a significant impact on a healthcare practice. On this week's HealthLawHotSpot, host and Roetzel attorney Ericka Adler is joined by fellow Roetzel attorney Hillard Sterling to...more

Morris James LLP

Chancery Holds Void Corporations are Unable to Litigate Claims

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Rivera v. Angkor Capital Ltd., C.A. 2022-0671-MTZ (Del. Ch. Aug. 20, 2024) - In this decision involving a plaintiff corporation’s action to rescind a stock purchase agreement involving the sale of a majority interest in...more

Morris James LLP

Chancery Orders Dissolution of Single Asset LLC

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Gibson v. Konick, C.A. No. 2022-1036-LWW (Del. Ch. July 10, 2024) - The Court of Chancery dissolved a single asset LLC even though the LLC agreement required a unanimous vote of the members to dissolve, and one of the two...more

Allen Matkins

What If A Creditor Refuses To Just Take The Money?

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When a California corporation has been completely wound up without court proceedings, a majority of the directors then in office must sign and verify a Certificate of Dissolution which must be filed with the California...more

Farrell Fritz, P.C.

Appellate Division Construes LLC Law 608 as Giving Voting Rights to a Deceased Member's Estate

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It wasn’t long ago that my partner, Peter Sluka, posted about the Andris case where the Appellate Division, Second Department, reinstated an LLC judicial dissolution proceeding brought by the estate of a deceased member....more

Carey Olsen

Proposed amendments to the BVI Business Companies Act

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In line with the recommendations arising from the BVI Mutual Evaluation Report and FATF (2024) Recommendation 24, the BVI Financial Services Commission has published a draft of the BVI Business Companies (Amendment) Act, 2024...more

Farrell Fritz, P.C.

Corporate Dissolution Petition Hits Back Burner in Favor of Earlier Filed Claims for Money Damages

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The shareholder oppression claim under BCL 1104-a has a unique relationship with claims for money damages. A minority shareholder petitioning for dissolution under BCL 1104-a must establish that the majority shareholders...more

Walkers

Striking off and Winding Up Guernsey Companies: What are the requirements?

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Two of the most common ways to dissolve a Guernsey company are the voluntary striking-off procedure, and the voluntary winding-up procedure. Each has different requirements, and are only available in certain...more

Fox Rothschild LLP

The Clock Is Ticking on the Corporate Transparency Act's Year-End Deadline

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Have you or your professional advisers evaluated whether any entities you own, manage, or control are subject to the beneficial ownership reporting requirements of the Corporate Transparency Act (CTA)? If you've done so and...more

Holland & Knight LLP

FinCEN Issues Additional Helpful Guidance on How to Report a Dissolution of a Company

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The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on Sept. 10, 2024, issued four FAQs to update and clarify how reporting should be undertaken for reporting companies that are dissolved prior...more

Rivkin Radler LLP

When A Shareholder Loses Control of Their S Corporation

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If given their druthers, most transactional corporate attorneys would prefer to spend their day practicing “happy law,” by which they typically mean transactions that involve capital formation, mergers and acquisitions, joint...more

Smith Anderson

The Corporate Transparency Act - New Guidance on Reporting Obligations

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As discussed in our three prior client alerts, effective as of January 1, 2024, the Corporate Transparency Act (“CTA”) and rules issued thereunder by the Financial Crimes Enforcement Network (“FinCEN”) require most U.S....more

Winstead PC

CTA: Subject to Filing if in Existence January 1, 2024

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FinCEN provided new guidance on July 8, 2024, regarding the CTA filing requirements of entities dissolved in 2024. If an entity was in existence prior to January 1, 2024, its CTA filing deadline is January 1, 2025....more

Lowenstein Sandler LLP

All in the Family: Succession Issues in Family-Owned Businesses

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On this episode of “Splitting Heirs,” Warren K. Racusin talks with Lowenstein partner Nick San Filippo IV, Chair of the firm’s Business Divorce practice, and Jeff Savlov, a partner in the family business and wealth consulting...more

Saul Ewing LLP

2024 Amendments to the Delaware General Corporation Law and Alternative Entity Statutes

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On July 17, 2024, Delaware Governor John Carney signed into law the 2024 amendments to the General Corporation Law of the State of Delaware (the “DGCL”), the Delaware Limited Liability Company Act (the “LLC Act”), the...more

Holland & Knight LLP

FinCEN Issues New Guidance on Reporting Company Filing Requirements

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The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on July 8, 2024, issued additional FAQs1 providing guidance on Reporting Company filing requirements under the Corporate Transparency Act...more

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