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Delaware Chancery Law Blog

Corporate and Commercial Practice in the Delaware Court of Chancery

Chaney Hall

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Defunct Delaware Corporation Cannot Be Used To Circumvent IPO Process

By Nathaniel Klepser & Chaney Hall on March 17, 2022

The Court of Chancery recently denied a petition to appoint a custodian for a defunct Delaware corporation under 8 Del. C. § 226(a)(3) because the petitioner sought to use the…
Continue Reading Defunct Delaware Corporation Cannot Be Used To Circumvent IPO Process

Posted in Case Summaries

Speculative Relief Insufficient to Invoke Equitable Jurisdiction

By Chaney Hall on March 16, 2022

Vice Chancellor Glasscock discussed the limits of equitable jurisdiction in Elavon, Inc. v. Electronic Transaction Systems Corp, C.A. No. 2021-0440-SG, memo. op. (Del. Ch. Mar. 7, 2022).  The Court granted…
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Posted in Case Summaries

Delaware Amends DGCL Section 145 to Authorize Captive Insurance Agreements

By Chaney Hall on February 10, 2022

Delaware Governor John Carney recently signed into law a bill to amend Section 145 of the Delaware General Corporation Law (“DGCL”) to allow Delaware corporations to use captive insurance for…
Continue Reading Delaware Amends DGCL Section 145 to Authorize Captive Insurance Agreements

Posted in Advancement, Fiduciary Duties, News

Applicability of Statute of Repose Is An Issue Of Procedural Arbitrability To Be Decided By Arbitrator

By Chaney Hall on January 13, 2022

In Rummel Klepper & Kahl, LLP v. Delaware River & Bay Authority, C.A. No. 2020-0458-PAF (Del. Ch. Jan. 3, 2022), the Court of Chancery considered Defendant’s motion to dismiss…
Continue Reading Applicability of Statute of Repose Is An Issue Of Procedural Arbitrability To Be Decided By Arbitrator

Posted in Case Summaries, Rules and Links

Del. Supreme Court Affirms Court of Chancery’s Decision in AB Stable

By Chaney Hall on December 17, 2021

The Delaware Supreme Court opinion in AB Stable VIII LLC v. MAPS Hotels and Resorts One, LLC, et al., No. 71, 2021, (Del. Dec. 8, 2021), considers whether a…
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Posted in Case Summaries, Mergers and Acquisitions

Stockholder Lacks Standing to Seek Inspection After Stock Canceled In Merger

By Chaney Hall on December 16, 2021

In Todd Swift v. Houston Wire & Cable Co., C.A. No. 2021-0525-LWW, memo. op. (Del. Ch. Dec. 3, 2021), the Court of Chancery found that a stockholder lacked standing…
Continue Reading Stockholder Lacks Standing to Seek Inspection After Stock Canceled In Merger

Posted in Books and Records Demand, Case Summaries, Mergers and Acquisitions, News, Rules and Links, Shareholder Disputes

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