The federal financial bailout contained a small inroad on the national dominance by Delaware law and courts on corporate governance issues, but that state and its courts soon may see larger federal vehicles barreling toward them because of the economic crisis.
Delaware has been nearly synonymous with corporate law for more than a century. The Delaware Court of Chancery describes itself on its home Web page as being “widely recognized as the nation’s preeminent forum for the determination of disputes involving the internal affairs of the thousands upon thousands of Delaware corporations and other business entities through which a vast amount of the world’s commercial affairs is conducted.”
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