Below is a recap of recent posts to the Stradley Ronon Business Vantage Point blog. Articles on timely topics impacting ownership, operation and financing of businesses across industries written by our trusted advisers are posted regularly on the site. If you haven’t yet subscribed, please click here to ensure you don’t miss any upcoming articles.
IN THE SEPTEMBER ISSUE:
‘Family Feud,’ Delaware-Style: Unpacking the Lessons of Gurney-Goldman
In the contract-centric world of limited liability companies (LLC), the Delaware Court of Chancery’s decision last month in Gurney-Goldman v. Goldman, C.A. No. 2023-1124-JTL (Del. Ch. July 12, 2024), serves as a stark reminder of the perils of informality, the consequences that can befall businesses failing to formalize management succession, and the importance of clear contracting in connection with all things LLC. While the case centers around a factually intricate dispute among siblings who inherited a vast real estate empire, the legal principles highlighted by the Court of Chancery resonate beyond the realm of familial discord, underscoring the importance of contractual specificity in matters of LLC management and succession planning. Read More...
Overcoming Patent Hurdles for AI Innovations: How to Showcase Practical Use and Technical Advancements
Artificial intelligence (AI) is everywhere these days — integrated into our personal and professional lives — whether we realize it or not. AI solutions enhance user interactions, improve daily life and drive technology development. Programmers and developers grasp AI and machine learning, but the intricate workings often remain a mystery to most users who interact with AI-enabled technologies for practical, real-time applications. Read More...
Negotiating Key Provisions in Loan Transactions
As deal activity is expected to rise heading into the fourth quarter, companies of all sizes may be gearing up to negotiate transactions with new and existing lenders. From startups seeking a first line of credit to longstanding enterprises aiming to restructure existing debt, understanding the nuances of loan negotiation is crucial for securing favorable terms and ensuring long-term financial stability. Read More...
Rewind: Delaware High Court Clarifies Standard of Review for Controlling Stockholder Transactions
Ensuring that all requirements of Kahn v. M&F Worldwide (MFW) are complied with is paramount in order for the business judgment rule to apply to transactions involving a controlling stockholder who receives a non-ratable benefit at the expense of the minority stockholders. Read More...
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