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Court of Chancery Limits Advancement

Emerging Europe Growth Fund L.P. v. Figlus, C.A. 7936-VCP (March 28, 2013)

When may a partnership demand advancement of its litigation expenses from a limited partner who has arguably breached the partnership agreement?  Only when the partnership agreement is very clear in granting that right, according to this decision.

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blog, complex commercial litigation, corporate counseling & litigation