2015 Amendments to Delaware's General Corporation Law, LLC Act and DRUPA

Navigating Changes to Fee Shifting, Forum Selection, Stock and Option Issuances, Default LLC and LP Voting Requirements, and More

Recording of a 90-minute CLE webinar with Q&A


Conducted on Wednesday, September 30, 2015

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will review the 2015 Amendments to the Delaware General Corporation Law, LLC Act and DRUPA and their impact on corporate governance practices, shareholder litigation, and Delaware LLCs and general and limited partnerships. The panel will discuss best practices for counsel to prepare for and respond to changes impacting fee shifting, forum selection, stock and option issuances, ratification of defective corporate acts, public benefit corporations, default class or group voting requirements, irrevocable delegation of rights, irrevocable proxy, and more.

Description

On June 24, 2015, the state of Delaware enacted amendments to the General Corporation Law of the State of Delaware (8 Del. C. § 101 et seq.), which include significant changes impacting fee-shifting and forum-selection provisions. Amendments impacting general and limited partnerships and Delaware LLCs were also passed. Most of the amendments became effective Aug. 1, 2015.

While the amendments address concerns over the skyrocketing costs of shareholder litigation, they also create questions and grey areas. Counsel to corporations must be fully versed on the Delaware amendments and plan for their impact on corporate governance practices, shareholder litigation, and Delaware LLCs, GPs and LPs.

Among other recommended best practices, corporations that have previously adopted fee-shifting or exclusive forum provisions in their bylaws must evaluate whether the provisions are still valid under the new Delaware law.

Listen as our authoritative panel of corporate attorneys explains the new Delaware law amendments and their implications for corporate governance practices, shareholder litigation, and Delaware LLCs, GPs and LPs.

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Outline

  1. Review of 2015 amendments
  2. Impact on corporate governance
  3. Impact on shareholder litigation
  4. Impact on Delaware LLCs, LPs and GPs

Benefits

The panel will review these and other key issues:

  • How will the new amendments to the General Corporation Law of the State of Delaware impact corporate governance practices and shareholder litigation?
  • What are the most significant amendments affecting Delaware LLCs, LPs and GPs?
  • What guidance do the new amendments provide regarding the fee-shifting and exclusive forum provisions that may be included in bylaws?
  • What questions and grey areas linger after the passage of the new amendments?

Faculty

Christopher M. Winter
Christopher M. Winter

Partner
Duane Morris

Mr. Winter is a Delaware business lawyer who focuses his practice on chapter 11 bankruptcy law and proceedings,...  |  Read More

Jennifer Veet Barrett
Jennifer Veet Barrett

Counsel
Richards Layton & Finger

Ms. Barrett focuses her practice on transactional matters involving Delaware corporations, including entity formation,...  |  Read More

Richard B. Carroll, Esq.
Richard B. Carroll, Esq.

Saul Ewing

Mr. Carroll concentrates his practice on corporate advisory and governance matters, including a broad range of...  |  Read More

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