Delaware Chancery Court Some Observations OECD Russia Corporate Governance Roundtable Moscow, 25–26 November 2012 Delaware Chancery Court Some Observations Alexander Cohen, Latham & Watkins LLP Co-sponsored by Informational partner
OECD Russia Corporate Governance Roundtable Moscow, 25–26 November 2012 Disclaimer: The views expressed in this presentation are those of the author and do not necessarily represent the opinion of the OECD Russia Corporate Governance Roundtable, the OECD or its Member countries, or of the Moscow Exchange. Co-sponsored by Informational partner
Background US federal system Corporations creature of state law Role of the SEC/stock exchanges
What Makes Delaware Special? Advantageous statute Depth Chancery Court
Delaware Chancery Court Judiciary Procedure Precedent
Business judgment rule DGCL Flexibility Business judgment rule Choice of law
State/federal balance? Conclusions The crystal ball State/federal balance? Arbitration?