Assuming Liabilities/Debt in Transactions: Tricks and Traps (Live Replay from August 24, 2021)

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Description

This program provides a practical guide to drafting for the assumption and limitation of liabilities in business and commercial transactions.

The program covers the mechanics of assuming debt in a transaction, how it is identified, terms negotiated and documented. The program also discusses the related issue of how "bad conduct" carve-outs in indemnification and other limitation of liability provisions can defeat limitations on liability if the carve-outs are not carefully drafted. Successor liability in business transactions and techniques to mitigate its risk is also covered.

This program provides a real-world guide to handling debt and liabilities in transactions.

Identifying and documenting the assumption of liabilities
Successor liability and techniques to mitigate the risk
"Bad conduct" carve-outs in indemnification and limitation of liability
Risks of carve-out language being over-expansive and defeating liability protection
Mistakes in the treatment of liabilities in transactions

Contributors

Steven O. Weise

Steven O. Weise is a partner in the Los Angeles office Proskauer Rose, LLP, where his practice encompasses all areas of commercial law. He has extensive experience in financings, particularly those secured by personal property. He also handles matters involving real property anti-deficiency laws, workouts, guarantees, sales of goods, letters of credit, commercial paper and checks, and investment securities. Mr. Weise formerly served as chair of the ABA Business Law Section. He has also served as a member of the Permanent Editorial Board of the UCC and as an Advisor to the UCC Code Article 9 Drafting Committee. Mr. Weise received his B.A. from Yale University and his J.D. from the University of California, Berkeley, Boalt Hall School of Law.

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Thank you

Description

Contributors

Steven O. Weise