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European Restructuring Update: France Introduces New Accelerated Safeguard Proceedings

Summary

European Union, United Kingdom, USA, Insolvency & Restructuring, Public, Dechert LLP, Brexit
Delaware Court Orders Sale of Solvent Company’s Stock Despite Shareholder Objections

Delaware General Corporate Law § 226 (the “Custodian Statute”) bestows the Delaware Court of Chancery with the power to appoint a custodian for solvent companies and receivers for insolvent companies in certain circumstances. See 8 Del. C. § 226.

USA, Delaware, Insolvency & Restructuring, Cole Schotz PC, Shareholder, Delaware Court of Chancery, Delaware Supreme Court