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Delaware Business Court Insider

'Manichaean Capital': Chancery Recognizes the Viability of Reverse Veil-Piercing in Rare Circumstances

In a case of first impression, the Vice Chancellor Joseph R. Slights III in Manichaean Capital v. Excela Technologies, C.A. No. 2020-0601-JRS (Del. Ch. May 25, 2021) refused to dismiss a claim to use reverse veil-piercing to execute upon a limited liability company charging order issued to the plaintiffs in their efforts to collect a judgment in an appraisal action.
7 minute read

Corporate Counsel

Law Firm or ALSP? Legal Departments May Let Comfort and Familiarity Decide

A recent webinar emphasized the premium that legal departments place on relationships—not metrics—when trying to decide between a law firm and an ALSP.
3 minute read

Delaware Business Court Insider

High Court Affirms Bankruptcy Ends LLC Membership but Not Member's Economic Interest

The Supreme Court approved the Court of Chancery's reliance on a 17-year old opinion by then Vice Chancellor Leo Strine in Milford Power v. PDC Milford Power, 866 A.2d 738 (Del. Ch. 2004).
7 minute read

Legaltech News

Chin Up, Legal Departments—There's a Few Routes to Ensuring Vendor Security

It's not just their own cybersecurity that corporate legal departments have to worry about anymore. Instead, in-house teams may find themselves monitoring vendors' own security precautions with both one-off and ongoing checkups.
3 minute read

New York Law Journal

SEC Regulation of ESG Disclosures

While the SEC traditionally has required disclosure of financially material information, its new leaders are clearly considering requiring reporting of ESG-related information whether or not it is financially material. In this edition of their Corporate Governance column, David A. Katz and Laura A. McIntosh explore the current disclosure framework and the challenges and questions to come.
16 minute read

Delaware Business Court Insider

'Sciabacucchi': Federal Forum Selection Clauses a Year Later

While Sciabacucchi definitively answered that question under Delaware law, it left at least one question unanswered: would courts in other states enforce such federal forum provisions (FFPs) in the charters of Delaware corporations?
12 minute read

International Edition

Morrison & Foerster Tokyo Chief Nominated to SoftBank's Board of Directors

Ken Siegel continues his role as office managing partner and says his practice won't be impacted.
2 minute read

The Legal Intelligencer

Diversity-Related Shareholder Suits: What They Mean for ESG

Last summer, following a wave of protests and advocacy for social justice, hundreds of corporations released statements expressing their unwavering commitment to diversity, equity and inclusion.
7 minute read

International Edition

Linklaters Appoints New Americas Rep In Latest Partnership Board Shake-Up

The new appointment means that women make up 42% of the firm's partnership board, and comes just days after the election of the firm's first female senior partner.
2 minute read

Corporate Counsel

What's the Key to Preserving Corporate Values During a Crisis? 'Do the Right Thing, Period,' Says Uber's Tony West

During a Legalweek(year) keynote session on Tuesday, Uber CLO Tony West offered insight into how his legal team has navigated turbulent times with grace.
4 minute read

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