The Delaware legislature adopted DGCL amendments that restore contract certainty for merger and stockholder agreements.
The Delaware General Corporation Law (DGCL) now codifies the power of corporations to enter into valid...more
The ruling calls into question the enforceability of common provisions contained in private and public company stockholder agreements.
The Court invalidated certain governance rights in stockholder agreements because they...more
Distressed de-SPACed companies are increasingly turning to chapter 11 as a means of restructuring their debts and preserving going-concern value.
Many de-SPAC mergers in 2020 and 2021 involved pre-revenue or...more
7/25/2023
/ Bankruptcy Code ,
Business Plans ,
Chapter 11 ,
Coronavirus/COVID-19 ,
Corporate Restructuring ,
Interest Rates ,
Investors ,
Liquidity ,
Private Equity ,
Shareholders ,
Special Purpose Acquisition Companies (SPACs)