Blog: Corporate -Counseling & Litigation

Court of Chancery Holds Spinoff Corporation Not Bound By Agreement of Former Parent Corporation


In Corporate -Counseling & Litigation | On April 8, 2015

In Miramar Police Officers’ Retirement Plan v. K. Rupert Murdoch, et al, C.A. No. 9860-CB (Del. Ch. April 7, 2015), the Delaware Court of Chancery held that a corporation created to effectuate a spin-off transaction was not bound by provisions in a contract that the former parent corporation had entered resolving a lawsuit with its […]

“Delaware Rapid Arbitration Act” Is Adopted


In Corporate -Counseling & Litigation | On April 3, 2015

On April 2, 2015, Delaware Governor Jack Markell signed into law the Delaware Rapid Arbitration Act (“DRAA” or the “Act”), which had been approved by the Delaware General Assembly two days earlier. The Act becomes effective 30 days after its enactment, and thus will be an available option as of May 2015. The Act describes […]

Court of Chancery Issues Opinion on Fee-Shifting Bylaws


In Corporate -Counseling & Litigation | On March 17, 2015

On March 16, 2015, Chancellor André Bouchard of the Delaware Court of Chancery issued an important decision, on the high-profile topic of fee-shifting bylaws, in Strougo v. Hollander, 2015 WL 1189610 (Del. Ch. March 16, 2015). The bylaw in question had been adopted by the board of directors of First Aviation Services, Inc., a Delaware […]

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