The Virtual Board Meeting in the New COVID-19 World Order

By: John Hession The advent and acceleration of the coronavirus has wrought seismic changes in our world order. Live meetings of ten or more folks locked in a conference room are being discouraged by health care organizations. Business organizations have suspended usual operations and employees are encouraged to work remotely. Industry conferences or smaller events …

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Delaware Legislature Proposes Amendments Allowing Escrowing of Director and Stockholder Consents

By: Scott Bleier In response to the practical concerns raised by AGR Halifax Fund, Inc. v. Fiscina (743 A.2d 1188 (Del. Ch. 1999)), new legislation has recently been proposed that would amend Section 141(f) of the General Corporation Law of the State of Delaware ("DGCL") to clarify that an individual, whether or not then a …

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Delaware Legislative Update

By: Joshua French Many times prior to an institutional financing, acquisition or an IPO, a company will review its corporate records and notice that there may be a couple of loose ends to tie up with ratifying board resolutions. While this works for many corporate actions, certain actions are not permissible to be retroactively approved …

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