Abeinsa Holding Inc. Obtains Ch. 11 Plan Confirmation

By | Delaware Bankruptcy Litigation | January 10, 2017
Abeinsa Holding Inc. Obtains Ch. 11 Plan Confirmation In the recent decision of In re: Abeinsa Holding Inc. et al., Del. Bankr. Ct. Dec. 14, 2016), Case No. 1:16-bk-10790, the Honorable Kevin J. Carey confirmed clean energy developer Abeinsa Holding Inc.’s Chapter 11 plan, which is part of the $16.5 billion global restructuring for Spanish parent Abengoa SA. View Full Post
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Business Judgment Rule Applied When Disinterested Majority Approved Merger in Fully-Informed and Uncoerced Vote

By | Delaware Chancery Law Blog | January 10, 2017
As set forth in the Delaware Supreme Court decision of Corwin v. KKR Fin. Holdings LLC, 125 A.3d 304 (Del., 2015), a board’s decision to approve a merger transaction is subject to business judgment rule presumption when the merger was approved by a disinterested majority of the company’s stockholders in a fully-informed and uncoerced vote. View Full Post
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