Delaware Alternative Business Entities: New Opportunities With LLCs, LLPs and Statutory Trust Vehicles

Navigating Recent Statutory Amendments and Case Law Developments

Recording of a 90-minute CLE webinar with Q&A

Conducted on Wednesday, January 13, 2010

Recorded event now available

or call 1-800-926-7926

This CLE course will review the recent amendments to the Delaware alternative entity statutes and discuss significant case law developments affecting entity creation and structure. The panel will also discuss recent trends and the cutting edge use of alternative entities in business, finance and investments.


The contractual flexibility provided in the Delaware alternative business entity codes makes it the top choice for LLC, LLP and statutory trust formation. All corporate practitioners must understand legal developments and trends in utilization of these entities in business, finance and investment.

Several key 2009 cases have addressed various issues associated with LLC operating agreements, fiduciary duties and liabilities and judicial dissolution. In Aug. 2009, Delaware amended its alternative entities codes to clarify existing law and create more flexibility for contractual freedom.

Some of the more significant amendments to the codes address the doctrine of independent legal significance, amendments to governing agreements in the wake of mergers and conversions, LLP formation issues, and expansion of the jurisdiction of the Delaware Court of Chancery.

Listen as our authoritative panel of corporate attorneys discusses recent statutory and common law developments in Delaware alternative business entities and trends in the use of these entities.



  1. Overview of Delaware alternative entities and recent amendments
    1. Limited Liability Company Act
    2. Revised Uniform Partnership Act
    3. Revised Uniform Limited Partnership Act
    4. Statutory Trust Act
  2. Cutting edge use of alternative entities
    1. Investments
    2. Securitization
    3. Real estate
    4. International
  3. Significant Delaware case law developments in alternative entities


The panel will review these and other key questions:

  • How have the recent amendments to the Delaware alternative entity statutes impacted operations and governance of these entities?
  • What are the emerging trends for use of alternative entities in finance and investments?
  • How are alternative entities being used in the international business arena?


Ellisa Opstbaum Habbart
Ellisa Opstbaum Habbart

The Delaware Counsel Group

She is a founding partner of the firm and represents Delaware corporations and alternative entities in national and...  |  Read More

Willem Calkoen
Willem Calkoen

NautaDutilh N.V.

He specialises in M&A work (both public offers and private transactions) and in securities law and corporate...  |  Read More

Rutledge, Thomas
Thomas E. Rutledge

Stoll Keenon Ogden

Mr. Rutledge devotes his practice to business and securities law with a specialized focus on the law of business...  |  Read More

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