Craig B. Smith Esq.

Smith, Katzenstein & Jenkins LLP
Smith, Craig B.

Craig Smith, Of Counsel at Smith, Katzenstein & Jenkins LLP, has over 30 years of experience in Delaware corporation law matters, including mergers, reorganizations, acquisitions, proxy contests, election contests, anti-takeover measures, stockholder voting requirements, legality of charter and bylaw provisions, sale of assets, indemnification, executive compensation, and special committees of the board of directors (including special litigation committees). Mr. Smith's corporate litigation experience includes representation of plaintiffs and defendants in takeover litigation, statutory appraisal proceedings, dissolution proceedings, and derivative and class actions relating to breach of fiduciary duty.

One of the principal draftsmen of the Delaware Revised Uniform Partnership Act, the Delaware Revised Uniform Limited Partnership Act, and the Delaware Limited Liability Company Act, Mr. Smith is a nationally recognized authority in the area of partnership and limited partnership law. His experience includes both the drafting of limited partnership and limited liability company agreements for a variety of limited partnerships and limited liability companies, as well as rendering opinions to partnerships and other law firms on matters of Delaware partnership, limited partnership and limited liability company law.

Mr. Smith earned his B.A from Carleton College and an M.A. and J.D. from Syracuse University.

 

He is the author of Bloomberg BNA Corporate Practice Portfolio Series No. 78, The Takeover Law of Delaware and a co-author of Corporate Practice Portfolio Series No. 24-4th, Limited Partnerships: Legal Aspects of Organization, Operation, and Dissolution.  Portfolio No. 78 discusses special negotiating committees, demand investigation committees, and special litigation committees. Apart from their legal benefits in subsequent litigation, such committees can reassure the investing public that a corporation is handling its affairs in a proper way.  Portfolio No. 24 analyzes the decision to use a limited partnership as the legal entity for a business enterprise rather than a general partnership, corporation, business trust, or limited liability company. It goes on to discuss the factors to be considered in the formation of a limited partnership, including the public filing of a partnership certificate and adoption of a comprehensive written partnership agreement. A limited partner's limited liability is also examined, as are the rights and liabilities generally of limited and general partners, the assignment of partnership interests, dissolution, the effect of bankruptcy on the partnership, and the impact of the federal tax and securities laws.