Nonvoting stockholders of both companies sued, arguing that the amendments changed the "powers" of their stock, and they were thus entitled to vote on them under Section 242(b)(2). The Court of Chancery held that they were not, relying on past case law, the use of Section...
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Delaware Corporate Law UpdateJune 19, 2003 Practising Law InstituteNew York, NYRobert C. Schwenkel
For more than a century, Delaware has been the 800-pound gorilla of corporate law. Two million business entities are incorporated in Delaware, including the majority of the New York Stock Exchange and 70 percent of the Fortune 500. Delaware has a huge body of case law, a dedicated business...
An enduring inquiry for American corporate law scholars is why the small state of Delaware dominates corporate chartering in the United States. Several theories explain the result. I add another partial explanation: size alone makes Delaware attractive to reincorporating firms by making the state's ...
2009 Delaware Corporation Law Amendments Do I Really Need A Company Agreement? My Company Has Not Done Any Business, Do I Still Have To Pay A DE Tax? Further Reading Newsletter Welcome Delaware Corporate Agents, Inc., has prepared three professional publications necessary for any entrepreneur who...
This Article revisits two fundamental issues in corporate law. One — the central role of the business judgment rule in fiduciary litigation — involves a great deal of seemingly settled law, while the other — is there a mandated corporate purpose — has very little law. Using the emergent ...
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Why Delaware Corporate Law Matters So Much By HBS Monday, December 11, 2023 It’s a fact that Delaware is the Incorporation Capital of the World, but how has Delaware’s corporate law affected the business world, and why?.. Read More Share: Facebook Twitter LinkedIn ...
Corporate LawEmpirical Legal StudiesMergers & AcquisitionsIncomplete contract theory recognizes that contracts cannot be comprehensive and that state law necessarily has to fill in gaps when conflicts arise. The more cManns, JeffreyAnderson, Robert