Overview
Attorneys with backgrounds in traditional corporate, business and commercial law have developed extensive knowledge of Delaware law regarding alternative entities and how to use them in a wide variety of traditional and more complex and sophisticated transactions. Alternative entities encompass anything other than a traditional corporation, including general partnerships, limited partnerships, limited liability partnerships, limited liability limited partnerships, limited liability companies, statutory and common law trusts, and special-purpose corporations.
Attorneys in the practice:
- Counsel general partners, managers, trustees, boards and other governing bodies.
- Represent lenders, borrowers and other parties in the formation, utilization, operation and dissolution of every type of alternative entity.
- Advise on fiduciary duties, interested transactions and maintaining independence for special committees and in the context of daily operations and management.
- Counsel on more complex situations, such as proxy and consent solicitations and mergers and acquisitions.
- Render third-party legal opinions, relied upon by other parties in a transaction, by rating agencies such as Standard & Poor’s and Moody’s, and by governmental authorities such as the Securities and Exchange Commission.
- Serve on the Alternative Entities Subcommittee and the Statutory Trust Committee of the Delaware State Bar Association.
Representative Matters
- Advised a national financial institution in connection with its service as indenture trustee in the sale of $750 million of its client’s 6.750% senior notes due April 6, 2021.
- Advised a sports company in connection with the acquisition of one of England’s soccer teams. The company owns a range of organizations, including a U.S. baseball team, as well as horseracing complex.
- Advised on Delaware limited liability company and partnership matters associated with a syndicated facility agreement in the amount of $1,350 million.
- Provided Delaware corporate governance advice and legal opinions to an international paper company and certain of its subsidiaries in connection with a $225,000,000 revolving credit facility.
- Advised a global real estate private equity group ($5 billion in assets managed) in connection with fund formation and operations, assets purchases and sales, and financing arrangements.