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Maxwell, O'Toole and Frank Present 2022 First State Update on Case Law and Delaware's LLC Act

September 22, 2022

Partners Mike Maxwell and Matt O’Toole and associate Alyssa Gerace Frank led a webinar hosted by CSC titled “First State Update: 2022 Case Law Developments and Updates to Delaware’s LLC Act.” They shared their insights into the Delaware Limited Liability Company Act, reviewed associated case law, discussed this year’s amendments to the Act, and answers questions on specific LLC-related case law and statutory amendments.

Maxwell advises clients on matters of Delaware corporate and business law in transactions involving Delaware alternative entities and corporations, including investment and private equity fund transactions, fund formations, joint ventures, cross border transactions, mergers, acquisitions, asset sales and purchases, dissolutions and restructurings. He also represents both lenders and borrowers in a variety of commercial financing transactions, including asset-based financing, real estate mortgage financings and other credit related transactions. He also advises management, boards and special committees of Delaware entities on matters of operation and governance, including with respect to fiduciary duty and contractual interpretation issues. Maxwell provides legal opinions on issues of Delaware law in connection with the foregoing.

O’Toole concentrates his practice on corporate and commercial transactions, particularly the structure and use of Delaware business entities, including corporations, limited liability companies, partnerships (general and limited) and statutory trusts. He often serves as counsel to lenders, borrowers, investors, managers, trustees and other parties involved in both domestic and international business transactions. His practice frequently involves providing third-party legal opinions concerning Delaware’s General Corporation Law, Delaware’s alternative entity statutes, the Delaware UCC and other applicable law. He currently serves as a member, and is a former chair, of the Council of the Corporation Law Section of the Delaware State Bar Association. He is the immediate past chair, and continues to serve as a member, of the bar association drafting committee responsible for the Delaware Limited Liability Company Act, the Delaware Revised Uniform Limited Partnership Act, and the Delaware Revised Partnership Act, and also serves on the committee responsible for the Delaware Statutory Trust Act.

Frank focuses on corporate and business transactions including the structure and use of Delaware business entities such as corporations, limited liability companies, limited and general partnerships and statutory and common law trusts. Alyssa also assists with the representation of lenders and borrowers in commercial real estate and other financing transactions and has worked on multiple commercial real estate acquisition and construction transactions, as well as commercial loan modifications. She provides third-party legal opinions concerning Delaware’s General Corporation Law, Delaware’s alternative entity statutes and the Delaware Uniform Commercial Code.

For more information, visit the CSC website