Wilmington, DE- Peter B. Ladig, a Director and Co-Chair of the Bayard, P.A. Business Litigation group, moderated a panel titled Business Divorce in Delaware, New York and California: Around the Horn, attended by more than 60 people at the ABA Business Law Section Annual Meeting in Austin, Texas. Vice Chancellor Slights of the Delaware Court of Chancery, Justice Timothy Driscoll of the New York Supreme Court, Commercial Division, and Gail Andler, a recently retired judge from Orange County Superior Court in California appeared on the panel, along with lawyers from each state. The panelists discussed what makes business divorce cases unique, the statutory bases for dissolution of an entity, the role of equity in business divorce, how to settle business divorce cases and shared lessons from the “big cases” in which they have participated.
The annual meeting took place from September 13-15th and was attended by over 1,600 business law professionals.
Pete has extensive experience in the growing area of the “business divorce,” particularly requests for judicial dissolution of limited liability companies and corporations. In addition to representing parties to a business divorce, Pete has served as counsel to a Chancery Court appointed custodian charged with selling an operating company to resolve a business divorce. He co-chairs the Business Divorce Subcommittee of the Business and Corporation Litigation Committee of the Business Law Section of the ABA; has spoken on other panels about business divorce; and has made substantial contributions to Litigating the Business Divorce, a publication from BNA.