Delaware’s General Assembly will soon consider significant changes to the Delaware General Corporation Law (DGCL). The proposed amendments include, among others, the introduction of exculpation for officers, the broadening of the authority to delegate the issuance of stock and options, and the expansion of appraisal rights. If adopted, the proposed amendments will go into effect on August 1, except that the amendments to the appraisal and conversion statutes will only apply to transactions entered into on or after August 1.
Private Equity and Delaware Law – Part One
In the first episode of this two-part series, Troutman Pepper attorneys Chris Chuff and Taylor Bartholomew discuss drafting considerations for holding company operating agreements in private equity acquisitions.