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Incorporate Blog

Hail to the Chief!

Date Posted: 12/11/2013

Chief Justice Myron T. Steele of the Delaware Supreme Court retired from the bench on November 30 ,2013. Ted Mirvis of Wachtell, Lipton, Rosen & Katz reflects upon Steele’s impact on the development of Delaware corporate law.

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New Delaware Law Allows Mergers to Close Quickly

Date Posted: 11/21/2013

For decades, business planners have been drawn to Delaware to form business entities. While Delaware’s popularity as a jurisdiction for formation is attributable to a number of factors, most business planners would note the quality of the State’s bench and bar, the entrepreneurial nature of the state government and a General Assembly that is committed to annually updating the business statutes to ensure that they remain state-of-the-art. In 2013, like most years, the Delaware General Assembly passed legislation updating and improving Delaware’s business statutes. One particular legislative change, the adoption of new Section 251(h) to the Delaware General Corporation Law, provides business planners with a new (and novel) way to effect certain corporate mergers.

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Dozens of Public Benefit Corporations Registering in Delaware

Date Posted: 11/8/2013

A new law in Delaware allows companies that blend profit-seeking and enhancing societal-good to register as “Public Benefit Corporations” (aka “PBCs”). To date, 53 PBC’s have been formed making Delaware the fastest growing jurisdiction in the nation among the 20 states that have enacted similar legislation.

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Doing Well While Doing Good: New Delaware Law Authorizes “Public Benefit” Corporations

Date Posted: 11/8/2013

The current corporate law paradigm requires directors to focus their attention on stockholders and maximize value for them. New Delaware “public benefit” corporations change that paradigm by giving directors the ability to pursue broader goals, serving non-stockholder interests and promoting such interests even if it comes at some economic cost to stockholders.

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Welcome to the new State of Delaware Corporate Law Blog!

Date Posted: 11/7/2013

Thank you for visiting our blog! We will be posting updates after the official launch on Nov. 12, 2013.

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