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Protective Covenants › Allocation of Liability

Kramer Levin Naftalis & Frankel LLP

The New Delaware LLC “Divisive Merger” Provision – A Potentially Dangerous Loophole Under Debt Covenants

Kramer Levin Naftalis & Frankel LLP on

Effective August 1, 2018, the Delaware Limited Liability Company Act (the Delaware LLC Act) allows a Delaware limited liability company (an LLC) to divide into two or more LLCs and allocate the assets, liabilities, rights and...more

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