Voluminous commentary exists regarding the substantive comparisons between Delaware corporate law and competing states such as Texas, but an article that my partner and I published for Bloomberg Law compares the more practical aspect of expedited services that the Delaware Division of Corporations offers, such as same day service for corporate filings. Delaware still provides
Delaware Offers Faster Corporate Filings Services Than Texas
By Francis Pileggi on
Posted in Commentary
Voluminous commentary addresses the substantive differences between Delaware and Texas corporate law. Less attention is given to the practical aspects of the service provided by their respective state agencies that handle filings of corporate documents, and how prompt or “user friendly” they are. Texas recently “upped their game” by providing faster service filing options–but they…
Chancery Upholds Tesla’s Texas Bylaw Forum Provisions
By Francis Pileggi on
Posted in Court of Chancery Updates
A recent Delaware Court of Chancery decision determined that the forum clause in the Tesla bylaws, after its redomestication in Texas, requiring derivative suits to be brought in Texas, would be upheld even though the lawsuits at issue were filed shortly before the Tesla shareholders approved the change and despite the suits being filed when…