Introduction Following recent proposed changes to UK restructuring and insolvency law, a new European Union (“EU”) directive concerning restructuring within EU Member States proposed by the European Commission (“Commission”) has reached an advanced stage.
European Union, United Kingdom, Banking, Insolvency & Restructuring, K&L Gates LLP, Debtor, Debtor in possession, European Commission, Council of the European Union
Chancery Court Reexamines the Limits of Indemnification of Corporate Directors, Officers, and Others
In Dore v. Sweports, Ltd., C.A. No. 10513-VCL (Del. Ch. January 31, 2017), plaintiffs John A. Dore, Michael J. O’Rourke, and Michael C. Moody (together, “Plaintiffs”) sought indemnification under the Delaware General Corporation Law (“DGCL”) and corporate bylaws, for expenses incurred in connection with three legal proceedings that occurred in Illinois, as well as those incurred enforcing their indemnification rights in Delaware.
Background
USA, Delaware, Illinois, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, K&L Gates LLP, Delaware General Corporation Law, Delaware Court of Chancery