JD Supra

Court of Chancery Addresses Contractual Fiduciary Duties, Secondary Liability, and Banker Liability in the MLP Context

This is the latest decision in a long-running saga in the master limited partnership (MLP) context involving Enbridge Energy. The Court of Chancery had previously dismissed the complaint for failure ...
JD Supra

Court Of Chancery Stresses Proper Procedure When Relying On A Contractual Safe Harbor In The MLP Context

Conflicted transactions are commonplace in the master limited partnership (MLP) context. The entity’s operating agreement usually authorizes conflicted transactions that are “fair and reasonable” to ...