Successor Liability in Asset and Business Transactions
May 2011
Successor Liability in Asset and Business Transactions
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Teleseminars are midday continuing legal education conferences broadcast over the telephone. From the convenience of your office or home, you are able to dial into an 800 number, and hear nationally recognized practice leaders speak on important issues in the law. You are also able to ask them your questions. Teleseminars marry the best of technology and education to bring the world of CLE to your office or home.
How to Register
For course details or to register online, go to course of interest link above.
There are 2 easy ways to register:
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2. Or REGISTER ONLINE NOW by using the corresponding course links above.
Program Description
The goal in any asset acquisition is to acquire the value and isolate any liability. The buyer of the assets wants to capture the assets cleanly, without becoming responsible for any of the seller's business liabilities. The worst possible outcome is for the buyer to think it's acquiring certain assets but also inadvertently acquire the liabilities of the seller's business. In an economy where distressed asset sales are becoming more commonplace in transactional practice and creditors more aggressive, it essential to know the common law and corporate law theories that potentially tag a buyer for the business liabilities of the seller. This program will discuss practical technique for identifying and isolating successor liability in asset deals under common law, corporate law, and bankruptcy law, and ensuring only the assets are acquired.
- Diligence items to identify potential successor liability in asset transactions
- Common scenarios in which the buyer is caught unaware that it is acquire the seller's business liabilities
- Common law and corporate law theories of successor liability
- Successor liability when buying assets out of bankruptcy
- Drafting tips to isolate and allocate risk of successor liability
Faculty
John Murdock is a partner in the Nashville office of Bradley Arant Boult, Cummings, LLP, where his practice includes business acquisitions and dispositions, commercial lending, and commercial law generally. He is a member of the Commercial Financial Services Committee of the ABA Business Law Section and formerly served as chair of its Lender Liability Subcommittee. He is also a Fellow of the American College of Commercial Finance Lawyers. Mr. Murdock received his B.S., magna cum laude, from Vanderbilt University and his J.D. from Vanderbilt University Law School.
Registration Fees
| Non Member | $109.00 |
| CBA | $89.00 |
- General Credits: 1.00
- Ethics Credits:
- EDI Credits:
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