Matthew J O'Toole

Practice Areas

Matthew J. O'Toole concentrates his practice on corporate and commercial transactions, particularly the structure and use of Delaware business entities, including corporations, limited liability companies, partnerships (general and limited) and statutory trusts. He often serves as counsel to lenders, borrowers, investors, managers, trustees and other parties involved in both domestic and international business transactions. His practice frequently involves providing third-party legal opinions concerning Delaware’s General Corporation Law, Delaware’s alternative entity statutes, the Delaware UCC and other applicable law.

A longtime participant in firm committees and management, Matt is chair of the firm's Blockchain Committee and formerly served as a member of the firm's Executive Committee and practice leader of the firm's Business Group.

Career

Matt currently serves as a member, and is a former chair, of the Council of the Corporation Law Section of the Delaware State Bar Association. He is the immediate past chair, and continues to serve as a member, of the bar association drafting committee responsible for the Delaware Limited Liability Company Act, the Delaware Revised Uniform Limited Partnership Act, and the Delaware Revised Partnership Act, and also serves on the committee responsible for the Delaware Statutory Trust Act. Matt has served previously on other committees established by the Council, including committees that studied and recommended changes to Delaware’s General Corporation Law to accommodate current technologies, including blockchain technology. He is one of the principal drafters of the Delaware Revised Captive Insurance Company Act and the Delaware Insurance Company Mutual-to-Stock Conversion Act.

Publications

Matt is co-author of "Symonds & O'Toole on Delaware Limited Liability Companies", published by CSC/LexisNexis. His articles on amendments to Delaware’s corporate and alternative entity statutes and the Delaware UCC are published regularly in CSC’s "Delaware Laws Governing Business Entities" and he is author of the “Delaware Limited Liability Company Practice Guide,” in State Limited Liability Company & Partnership Laws (Aspen Law & Business). In addition, he has written a number of other publications and guides that serve as references for both business and legal professionals.