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Articles 211 - 212 of 212
Full-Text Articles in Law
Lawyer Responsibilities In The New Disclosure & Corporate Governance Regime, Lawrence Hamermesh
Lawyer Responsibilities In The New Disclosure & Corporate Governance Regime, Lawrence Hamermesh
Lawrence A. Hamermesh
No abstract provided.
Liability Of Directors Of Chapter 11 Debtors In Possession: 'Don't Look Back - Something May Be Gaining On You', Daniel Bogart
Liability Of Directors Of Chapter 11 Debtors In Possession: 'Don't Look Back - Something May Be Gaining On You', Daniel Bogart
Daniel B. Bogart
This article addresses a series of important questions involving the fiduciary obligations and personal liability of bankruptcy trustees and directors of debtors in possession. The article begins by noting the uncertainty of lawyers representing directors of chapter 11 debtors. These lawyers must advise individual directors on their possible liability for decision making post petition. The article continues with a review of basic corporate governance of companies preceding and following the filing of a chapter 11 petition.
The article focuses on the content of the fiduciary obligations of care and loyalty of directors of the bankrupt companies. Supreme Court opinions indicate …