Internal Affairs Doctrine Examined
Professor Timothy Glynn of Seton Hall University highlights here on the Race to the Bottom blog, a new article he has written that examines the internal affairs doctrine, and in particular the 2005 decision of the Delaware Supreme Court called Vantage Point Venture Partners 1996 v. Examen, Inc., 871 A.2d 1108 (Del. 2005). (Here is a link to summaries on this blog of both the Chancery Court's decision in the foregoing case as well as a link to the Delaware Supreme Court's opinion affirming, as cited above.)
He discusses the broader implications of the doctrine in the context of the "tug of war" between and among Delaware and the federal government--and other states--for preeminence in the governance of corporate law issues. This is a topic that has been the subject of many posts on this blog, including links to the writings of several other professors who have written on the topic. See, e.g., here.
