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Delaware Business Court Insider

2021 Amendments to Delaware Corporate Law and Alternative Entity Statutes

The 2021 amendments to the Delaware General Corporation Law, the Delaware Revised Uniform Partnership Act, the Delaware Revised Uniform Limited Partnership Act and the Delaware Limited Liability Company Act went into effect Aug. 1.
9 minute read

Delaware Business Court Insider

With More Women Than Ever in the Court of Chancery, Attorneys Note Shift in Corporate Law Culture

Chancellor Kathaleen McCormick and Vice Chancellors Lori Will and Morgan Zurn are three of just five women to ever have sat on the powerful Court of Chancery.
4 minute read

Corporate Counsel

Four Signs Your Law Firms Might Pose a Risk to Your Business

Different law firms present different supplier risk profiles along different lines, including business continuity risk, cyber risk, as well as risk around environmental, social and governance (ESG) issues.
6 minute read

Delaware Business Court Insider

Updates to Guidelines for Lawyers Practicing in the Court of Chancery

The revised guidelines include practice tips on remote courtroom proceedings—a necessary consequence of the pandemic that will likely remain a permanent feature of Chancery practice to some degree.
4 minute read

Delaware Business Court Insider

What Is Fraud on the Board? 3 Opinions Seek to Answer That Question

Delaware courts have recently applied the once-obscure theory to serve at least three distinct doctrinal ends. This article describes, at a high level, what fraud on the board is by pinpointing the various doctrinal roles it has played in three recent opinions issued by the Delaware Court of Chancery.
6 minute read

Corporate Counsel

Diversity Dipped Among Fortune 1000 GCs in 2020

When looking solely at the gender composition in the Fortune 1000, the numbers are increasing at a more rapid pace, according to the Minority Corporate Counsel Association's 2020 General Counsel Survey.
4 minute read

Corporate Counsel

What Nasdaq's Board Diversity Rules Might Mean for General Counsel

"I definitely think GCs will have a seat at the table in helping to explain and advise the committee and board members on these new rules," said Victoria Westerhaus, a partner at Bryan Cave Leighton Paisner who also serves as outside GC to several Nasdaq-listed companies.
4 minute read

Delaware Business Court Insider

'The World Has Changed' but COVID Hasn't Slowed Work in Delaware Corporate Litigation, Skadden Partner Says

"If [parties could] litigate in Delaware, they wanted to litigate in Delaware because they knew how responsive the courts would be," Joseph Larkin said.
6 minute read

Delaware Business Court Insider

Chancery Addresses Whether Trial Counsel Can Call Himself as a Witness at Trial

It is a well-established ethical principle that, in general, a lawyer who represents a client in a litigated matter may not also appear as a witness in the same matter, whether for or against the client.
7 minute read

Delaware Business Court Insider

McCormick's Fee Shifting Decision Sends Cautionary Signal to Corporations' Counsel

An order requiring a pharmaceutical company to pay $1.7 million of its foes' legal fees is the first to hold a corporate defendant financially liable for the cost of Section 220 litigation. Lawyers are wondering if the ruling could be applied in other types of corporate litigation.
3 minute read

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