Barnaby Grzaslewicz

1 month ago | jdsupra.com | Barnaby Grzaslewicz

Originally published in ALM's Delaware Business Court InsiderDelaware permits the elimination of fiduciary duties in limited liability company agreements. Notwithstanding, and just like in any other contract, parties to a limited liability company agreement are still subject to the implied covenant of good faith and fair dealing. This is because, under Delaware law, there is a difference between a fiduciary’s duty of good faith and a contracting party’s duty of good faith.

1 month ago | morrisjames.com | Barnaby Grzaslewicz

Originally published in ALM's Delaware Business Court InsiderDelaware permits the elimination of fiduciary duties in limited liability company agreements. Notwithstanding, and just like in any other contract, parties to a limited liability company agreement are still subject to the implied covenant of good faith and fair dealing. This is because, under Delaware law, there is a difference between a fiduciary’s duty of good faith and a contracting party’s duty of good faith.

1 month ago | law.com | Barnaby Grzaslewicz

Delaware permits the elimination of fiduciary duties in limited liability company agreements. Notwithstanding, and just like in any other contract, parties to a limited liability company agreement are still subject to the implied covenant of good faith and fair dealing. This is because, under Delaware law, there is a difference between a fiduciary’s duty of good faith and a contracting party’s duty of good faith.

Feb 20, 2025 | jdsupra.com | Barnaby Grzaslewicz

Originally published in ALM's Delaware Business Court InsiderStockholders in a Delaware corporation are entitled to inspect certain of the company’s books and records, under Delaware General Corporation Law Section 220. A prerequisite to inspection is that the stockholder has a proper purpose. Investigating wrongdoing by a corporate fiduciary is a recognized proper purpose.

Feb 19, 2025 | morrisjames.com | Barnaby Grzaslewicz

Originally published in ALM's Delaware Business Court InsiderStockholders in a Delaware corporation are entitled to inspect certain of the company’s books and records, under Delaware General Corporation Law Section 220. A prerequisite to inspection is that the stockholder has a proper purpose. Investigating wrongdoing by a corporate fiduciary is a recognized proper purpose.