February 16, 2018

Court Of Chancery Provides Definitive Guidelines On Judicial Sale Process

Morris James LLP

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In re: TransPerfect Global Inc., C.A. 9700-CB (February 15, 2018)

In what it is hoped is the final act in the TransPerfect case, this decision upholds the sale process used by the Custodian to sell TransPerfect. While certainly a unique case, the decision does provide guidance on the discretion of a Court-appointed custodian in selling a deadlocked corporation.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.