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Court Of Chancery Denies Advancement Until Undertaking Executed

Wong v. USES Holding Corp., C.A. 11475-VCN (February 26, 2016) 

This decision states what should be obvious — you do not get your expenses advanced until you undertake to repay them if you lose. Note the opinion also sets out the process to have advancement claims processed by a special master.

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blog, complex commercial litigation, corporate counseling & litigation