Throughout the first day of the Tulane Corporate Law Institute, panelists repeatedly brought discussions back to the divisive legislation proposing changes to Delaware’s corporate law.
On one end are opponents of Senate Bill 21, who have said its passage would be a legislative overreach that would make it nearly impossible for shareholders of Delaware corporations to successfully challenge a transaction in the Court of Chancery. On the other are those who claim SB 21 is necessary to avoid the doomsday scenarios that were at the center of last year’s conference, which could include companies choosing Nevada or Texas over Delaware.
