25Aug
Chancery Court Looks Past “Sham” Paper Trail to Determine Ownership of Holding Company for Argentina Media Conglomerate
In Carlos Eduardo Lorefice Lynch, et al. v. R Angel Gonzalez Gonzalez, et al., C.A. No. 2019-0356-MTZ (Del. Ch. July 31, 2020), the Delaware Court of Chancery (the “Court”) examined an extensive paper trail purportedly documenting the transfer of majority beneficial ownership in an Argentinian company from a media mogul to his attorney, before holding that the media mogul should nevertheless be deemed the owner of the interest in question, because the documents (i) did not constitute a binding...
By:
K&L Gates LLP
Related
In today’s edition of Daily Compliance News: • SW company discloses possible trade sanction violat...
Read More >
In Townley v. BJ’s Restaurants, Inc., a California Court of Appeal ruled that California’s busines...
Read More >
The U.S. Federal Trade Commission announced the annual changes to the thresholds contained in sectio...
Read More >
The New Jersey Department of Labor and Workforce Development earlier this month released the report ...
Read More >
The Justice Department lost another merger the other day. This one was their challenge to Sabre’s ...
Read More >
In the wake of the COVID-19 outbreak and subsequent state and local government shutdown orders, some...
Read More >