Fraudulent Transfers and Piercing the Corporate Veil

Impact your client by keeping abreast of these important business law issues! This half-day seminar will help you gain a better understanding of the Fraudulent Transfer Act and the procedures used to put the act in practice, as well as successor liability issues. Review recent case law developments in pierced corporate veil cases and refresh your memory on the necessary requirements under Illinois law to establish a claim. Gather tips to help clients protect their corporate veil and learn how to advise clients on protecting their personal assets. The program is designed for corporate law attorneys and business advice practitioners with intermediate to advanced levels of practice experience.

 

 

In this segment, the speaker offers a comprehensive overview of the Fraudulent Transfer Act, as well as its application by creditors to owners of insolvent entities and the procedures used to apply the act in practice.

 

This segment examines fraud in successor liability cases by discussing the various issues that can arise when a transferee succeeds the transferor in an attempt to escape debt liability.

 

10:30 – 10:45 a.m. Break (beverages provided)

 

This presentation reviews the necessary requirements under Illinois law to establish a claim to pierce the corporate veil and discusses how piercing claims differ among limited liability companies, corporations, limited liability partnerships, and limited partnerships. Recent case law developments are also examined.

 

Preserving the corporate veil is an important issue specific to corporations. This segment offers various ways in which lawyers can advise their clients on protecting the personal assets of a corporation’s owners and/or shareholders and provides tips to help clients remember key concepts to protect their corporate veil.