LLC Bankruptcies

The panelists will delve into issues that arise during an LLC bankruptcy. What happens when parties contract out of fiduciary duties? What effect does bankruptcy have on key provisions in an LLC operating agreement, including management and ownership rights and remedies, and what happens when a bankruptcy proceeding is initiated against the LLC or one or more of its members? Learn more about two recent decisions in which bankruptcy courts refused to enforce LLC agreement provisions requiring the respective LLCs to obtain the unanimous consent of their members in order to seek bankruptcy relief (Intervention Energy, Lake Michigan). Finally, the panelists will discuss possible hidden fraudulent-conveyance issues relating to tax attributes. Do LLCs insulate management, and should releases be provided?

Price: $125.00
SKU: 194372
75 mins
Arik Preis, Moderator Akin Gump Strauss Hauer & Feld LLP Hon. Kevin Carey U.S. Bankruptcy Court (D. Del.) Robert J. Feinstein Pachulski Stang Ziehl & Jones LLP Samuel S. Kohn Norton Rose Fulbright Barbra R. Parlin Holland & Knight LLP