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Corporate Governance Business Ownership Insolvency

Polsinelli

DCGL Amendment May Breathe New Life Into Zombie Companies

Polsinelli on

On August 1, 2023, the Delaware General Corporation Law (DGCL) was amended to create an “insolvency exception” to Delaware’s long-standing requirement that a sale of all or substantially all of a Delaware corporation’s assets...more

Bennett Jones LLP

Zombie Working Interest Partners: A Scary Trend In the Oil Patch

Bennett Jones LLP on

While the popularity of zombies in film and popular culture has grown exponentially in the last decade, participants in the Western Canadian oil patch have increasingly been dealing with a different kind of zombie—"zombie...more

Mintz Edge

LLCs and Convertible Debt – Too Good to be True?

Mintz Edge on

Founders choosing a structure for their business are often drawn to the limited liability company, or LLC, for its overall flexibility in both taxation and governance matters. And founders seeking access to early capital, not...more

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