X
25Aug

Chancery Court Looks Past “Sham” Paper Trail to Determine Ownership of Holding Company for Argentina Media Conglomerate

K&L Gates LLP | | Return|
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
Source Url: https://www.jdsupra.com/legalnews/chancery-court-looks-past-sham-paper-73551/

Related

TN Appeals Court Reinstates Hostile Work Environment and Whistleblower Claims

An individual may file a claim under Tennessee’s “whistleblower statute”—the Tennessee Public Pr...

Read More >

Talk before suspending for non payment

On 26 June 2020, the Corporate Insolvency and Governance Act 2020 (Act) came into force with changes...

Read More >

New Year, New Hires: The California Consumer Privacy Act and Your Employees

It’s January 2020. Thousands of businesses just completed the mad dash to meet the California Consu...

Read More >

Labor Department Proposes New Safe Harbor For Electronic Disclosure Under ERISA

The Department of Labor (DOL) recently issued proposed regulations updating the safe harbor for the ...

Read More >

Important Changes in Retirement Planning

The holiday season is always a busy and eventful time, so you may have missed a new law that can imp...

Read More >

Major Revisions to New Jersey’s WARN Act Require Payment of Severance, Expand Notice Requirements, and Increase Liability for Mass Layoffs

On January 21, 2020, New Jersey Governor Murphy enacted major revisions to the New Jersey Millville ...

Read More >