Delaware Court of Chancery Declines to Dissolve LP and Declines to Appoint Receiver of Failing Investment Fund

Steven Mizel Roth IRA v. Laurus U.S. Fund, L.P ., C.A. 5566-VCN (Del. Ch. Feb. 25, 2011), read opinion here . This Court of Chancery opinion rejected a request to dissolve a limited partnership and refused to appoint a receiver in the context of an investment fund that was in liquidation mode but...

Delaware Supreme Court Returns to Contractual Good Faith Standard

Allen v. Encore Energy Partners, L.P . [ an enhanced version of this opinion is available to lexis.com subscribers ], Del. Supr., No. 534, 2012 (July 22, 2013). Issue addressed : This Delaware Supreme Court opinion addresses a contractually defined good faith standard in a limited partnership agreement...