Norman M. Powell


  • Sunday, June 1, 2008
    In 2006 the TriBar Opinion Committee, a group including lawyers who frequently participate in the delivering and receiving of legal opinions (the "TriBar"), released its report entitled, " Third-Party Closing Opinions: Limited Liability Companies " (the "Report"), which appears in 61 Bus. Law. 679.
  • Saturday, December 1, 2007
    According to records of the Delaware Secretary of State, more than 96,000 Delaware limited liability companies ("Delaware LLCs") were formed in 2006. Delaware LLCs are increasingly the entity of choice for operating companies, and figure prominently in a great many structured finance transactions as so-called special purpose entities. The Delaware Limited...
  • Tuesday, May 1, 2007
    Structured finance refers to the use of transaction and entity structure to facilitate outcomes not feasible for operating companies themselves, and includes legally isolating assets in a given transaction from the consequences of a future insolvency.