DECALS -- Delaware Corporate and Legal Services

The Delaware Corporate and Legal Services Blog

DECALS keeps the international legal and business communities current on Delaware Corporate Law and related matters. Subscribe here to receive updates from the Delaware Department of State.

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James T. Vaughn Nominated to Supreme Court of Delaware

9/25/2014

Delaware Governor Jack Markell has nominated Superior Court judge James T. Vaughn to serve on the Delaware Supreme Court.

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Court of Chancery Finds Breach of Fiduciary Duty in Private Company Recapitalization Based on Inadequate Process, Despite Fair Price

9/11/2014

Delaware’s Court of Chancery recently ruled that a control group of stockholders and their director designees breached their fiduciary duties in approving a recapitalization because the recapitalization was the result of an unfair process, even though it was accomplished at a fair price.

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Faster, Smarter Dispute Resolution with World-Renowned Business Judges: Mediation in Delaware’s Chancery Court

7/31/2014

Litigation is seldom the best option for resolving complex commercial disputes. It is costly, and can be particularly difficult for those unaccustomed to the U.S. judicial process. The Delaware Court of Chancery offers a faster, smarter alternative: Mediation by one of its world-renowned judges.

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Sample Mediation Agreement

7/31/2014

The following is a sample provision that can be included in a commercial contract to require the parties to submit disputes to the Court of Chancery for mediation. The sample provision addresses such matters as payment terms for mediation costs, the minimum time period for mediating the dispute and confidentiality issues.

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Karen Valihura Sworn in as Justice to the Delaware Supreme Court

7/28/2014

Karen Valihura was sworn in by Chief Justice Leo Strine as Justice to the Delaware Supreme Court on July 25 at a swearing-in ceremony at the New Castle County Courthouse.

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*The views expressed in these articles are solely those of the authors and should not be attributed to the authors’ firms, clients, places of employment, or employers, or to the Delaware Department of State or the State of Delaware, nor do they necessarily represent positions that the authors’ law firms or employers might assert in litigation on behalf of clients unless an article specifically so states. While the articles are intended to accurately describe certain areas of the law, they are not intended to be and should not be construed as legal advice. If legal advice or other professional assistance is required, the services of a competent professional person should be sought.