Maxwell Discusses Delaware Series LLC Amendments

Partner Mike Maxwell co-presented a webinar on revisions to Delaware's LLC Act regarding series LLCs, which take effect August 1, 2019.

Hosted by American Law Institute Continuing Legal Education (ALI CLE), the program included a practical analysis of Delaware series LLCs and the most recent amendments to the Delaware LLC Act affecting series, including:

• Forming or converting into a registered series
• Merging or consolidating registered series
• Asset shielding
• Remaining drawbacks and concerns
• Positioning within the framework of UCC Article 9

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. Maxwell 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. He provides legal opinions on issues of Delaware law in connection with the foregoing.

For more information about the webinar, visit the ALI CLE’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.