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: Delaware Business Litigation ReportCourt Of Chancery Orders LLC Dissolved
By Edward M. McNally
Vila v. BVWEBTIES LLC , C.A. 4308-VCS (October 1, 2010)
This decision is a variation on the issue of when should a LLC be dissolved when the managers/ members are deadlocked. Merely because 1 of the managers is able to keep the business functioning at some level is not sufficient to avoid dissolution when its basic purpose is not being fulfilled.
Full post as published by Delaware Business Litigation Report on October 01, 2010 (boomark / email).
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Chancery Denies Reargument on Decision Rejecting Request for Receiver
Chancery Rejects Request to Appoint Receiver of Dissolved Corp. Pursuant to DGCL Section 279
Chancery Dissolves LLC Based on Section 18-802 "Reasonably Practicable" Standard
Supreme Court Affirms Appointment of Receiver of Dissolved Corporation
Chancery Court Compels Arbitration
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