The donee of a power of appointment over a trust tried to bargain away his exercise of the power as part of a Nevada divorce settlement in 1962—although in later years he came to understand that he lacked the legal power to do so, and therefore exercised the power in a different manner under his […]
Upon petition by Connolly Gallagher attorneys, the Delaware Court of Chancery exercised its equitable power of deviation to modify a trust’s provisions regarding the selection of members of a committee playing a role in the trust’s governance.
Town of Cheswold v. Central Delaware Business Park, 188 A.32810 (Del. 2018)
By Max B. Walton and Kyle Evans Gay
In | On June 10, 2018
Connolly Gallagher attorneys Max B. Walton and Kyle Evans Gay obtained reversal of a Superior Court decision holding that a land owner had acquired, via a pair of 2005 Stipulations and Orders, perpetual vested rights to develop property under prior land use ordinances. In an en banc unanimous opinion, the Delaware Supreme Court held that […]