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Recent Changes to the Delaware General Corporation Law: Avoid the Risks; Reap the Benefits

 
Are you aware of the amendments to the Delaware General Corporation Law and the impacts it has on your current processes?

In 2013, the Delaware General Assembly adopted a number of significant changes to the Delaware General Corporation Law; a number of additional changes have been proposed to become effective on August 1, 2014. These changes include a method to streamline stockholder approval of public company merger transactions; methods for streamlining closings; simplifying the adoption of corporate name changes; and a new structure for addressing past corporate errors. The legislature also adopted a new subchapter authorizing the creation of Delaware Public Benefit Corporations. Finally, the legislature is considering an important change to the statutory statute of limitation that applies to contracts. These changes, and how they can be used to your advantage, will be the subject of this on-demand webinar.

Agenda

Faculty

Frederick H. Alexander

Frederick H. Alexander

Morris, Nichols, Arsht & Tunnell LLP

  • Chair of the firm’s Executive Committee and a member of the Corporate Counseling Group of Morris, Nichols, Arsht & Tunnell LLP, which specializes in providing advice on corporate governance and transactions, including mergers and acquisitions, capital raising and corporate control contests
  • His work often involves counseling boards of directors and board committees, including special committees of directors appointed to negotiate mergers or other significant transactions
  • Provides formal legal opinions on issues involving Delaware corporate law and related matters
  • Formerly chaired the Council of the Corporation Law Section of the Delaware State Bar Association and the General Review Task Force of the ABA Committee on Corporate Laws
  • Serves as co-chair of the ABA Task Force on Two Step Mergers and on the Planning Committee for the Tulane Corporate Law Institute and the Advisory Committee for the Securities Regulation Institute
  • Named as one of the ten most highly regarded corporate governance lawyers worldwide by The International Who’s Who of Corporate Governance Lawyers, selected by Best Corporate Law Lawyers as the Delaware Mergers & Acquisitions Lawyer of the Year and as the Delaware Corporate Law Lawyer of the Year, named as one of the 500 leading lawyers in the United States by the Lawdragon guide, listed in the top category for Delaware Corporate/M&A lawyers Chambers USA: America’s Leading Lawyers for Business
  • Wrote The Delaware Corporation; Legal Aspects of Organization and Operation 1-5th C.P.S. (BNA 2014), and has written numerous articles, including Forum Selection By-laws: Where We Are and Where We Go From Here (Insights 2013); The Multi-Jurisdictional Stockholder Litigation Problem and the Forum Selection Solution (Corporate Counsel Weekly 2011); Responding to Unsolicited Takeover Offers (Conference Board 2009), and Power to the Franchise or the Fiduciaries?: An Analysis of the Limits on Stockholder Activist Bylaws (Delaware Journal of Corporate Law, 2008)
  • Can be contacted at [email protected] or 302-351-9228

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