PRINT THIS PAGE Liabilities of general partners of venture capital funds: old legal theories create new business realities, part 230/04/2003. Source: Coudert Brothers LLP. James E Topinka and Carol Kerr
What legal pressure can limited partners bring to bear on general partners should they fail to live up to their responsibilities? In the second part of their overview of GP liabilities, James E Topinka and Carol Kerr of Coudert Brothers discuss the general partner as ‘alter ego' of its portfolio company. The problem for a general partner is that in some cases, it can be held responsible for the debts of a portfolio company.
Copyright © 2003 California Business Law Reporter
Click here to view article (pdf 139kb)
You need Adobe Acrobat to read this document. If you do not have it, you can download it free from www.adobe.com/products/acrobat/readstep.html
This material is reproduced from California Business Law Reporter, volume 24, number 2, copyright 2003 by the Regents of the University of California. Reproduced with permission of Continuing Education of the Bar - California. (For information about CEB publications, telephone toll free 1-800-CEB-3444 or visit our web site, CEB.com).
For further information about Coudert Brothers LLP, please visit www.coudert.com.
|
