Doing Your Duty

A concept that frequently comes up in shareholder and partner disputes is that of fiduciary duty.  In legal contexts, fiduciary duty means the obligation you have to act in someone else’s best interest.  The executor of an estate, for example, has the duty to act in accordance with the wishes of the decedent and for…

What Makes Fair Value Fair?

The Illinois Business Corporation Act (BCA) is often the chiefly relevant law in cases of shareholder disputes and minority oppression.  The Act, in addition to laying out various provisions for how corporations register with the Illinois secretary of state and other requirements of diligence, delineates the causes in which the courts are justified in intervening…