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Limited Liability Company (LLC) Liquidation Insolvency

Fox Rothschild LLP

Business Court Gives Maggie Valley’s Ghost Town in the Sky More Time to Scare up Some Investors

Fox Rothschild LLP on

A member seeking to dissolve an LLC which owns a mothballed amusement park in Maggie Valley, North Carolina, didn’t have a “ghost of a chance” to close out a struggling, yet functional, company. In McClure v. Ghost Town in...more

King & Spalding

Sharp Teeth: Civil and Criminal Liability for Officers and Directors of Insolvent Saudi and UAE Companies

King & Spalding on

The recent detention of a restructuring professional in the United Arab Emirates serves as a stark reminder that directors and officers of insolvent or distressed companies can face personal liability for their actions or...more

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