In this proceeding for the assignment for the benefit of creditors (“ABC proceeding”), the company assigned all of its property and assets to another corporation. The Court of Chancery denied the ...

Patent diligence in the context of M&A and other types of commercial transactions typically involves confirmation of a patent’s chain-of-title ownership, from initial inventors through to the current ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The Uniform Law Commission (ULC) is working on a new project to address inconsistencies in state laws related to "assignments for the benefit of creditors" (ABCs). ABCs are a process where a company's ...

Howard Kingsley, who represented Broom Lender in "Broome Lender LLC v. Empire Broome LLC," discusses the case and how the Appellate Division, First Department removed common obstacles and cleared the ...

The term Insurance Assignment refers to the transfer of ownership from the Policy Owner (Assignor) to another person (or institution aka Assignee). The Assignee will now have control of the insurance ...