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In Anderson v Krafft-Murphy Co. Inc., 2013 Del. LEXIS 597 (Del. Nov. 26, 2013), the Delaware Supreme Court held that Sections 278 and 279 of the Delaware General Corporation Law, 8 Del. C. §§ 278-279, require a dissolved corporation to act through a court-appointed trustee or receiver after the corporation winds-up its business.

On December 4, the Securities and Exchange Commission’s Division of Corporation Finance issued 14 new Compliance and Disclosure Interpretations with respect to Rule 506 under the Securities Act of 1933.

Public sector construction projects typically face more difficult problems and obstacles than private sector projects. The formality of the budgeting process renders cost overruns unusually troublesome, and the realities of public administration of the project often result in delays and claims.