Maxwell and Frank Present on LLC Provisions Regarding Directors and Managers

Mike Maxwell and Alyssa Gerace Frank presented a CLE webinar titled “LLC Provisions Regarding Directors and Managers: Delaware Decisions and Key Practice Points for Counsel" on December 1.

Hosted by Strafford, the program provides corporate counsel with guidance on recent Delaware court decisions concerning LLC director and manager breach claims and best practices to avoid liability. Maxwell and Frank discussed essential provisions for drafting LLC agreements, crafting safe harbors, eliminating corporate-type fiduciary duties, applying implied covenants, and other complex issues to assist counsel in avoiding litigation and claims against LLC directors and managers.

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.

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 Strafford’s website. 

About Potter Anderson

Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.