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Bankruptcy Battleground West

Orange County Shareholder David M. Guess will be speaking on a panel titled: How State LLC and Partnership Acts May Limit the Estate's Rights to Manage, Control and Sell. The panel will take place at Bankruptcy Battleground West, at the Montage Beverly Hills. The panel will discuss the implications of court decisions treating LLC operating agreements and partnership agreements as executory contracts, and court decisions treating rights of first refusal, buyout rights and other ipso facto provisions (such as removal of the debtor as the manager upon bankruptcy) as enforceable in bankruptcy.