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ICYMI, last week, Delaware Governor John Carney signed into law SB 313, the controversial 2024 DGCL amendments. The most hotly contested change put in place by the legislation is new Section 122(18) of the DGCL, which is intended to address the Chancery Court’s decision in West Palm Beach Firefighters v. Moelis, (Del. Ch.; 2/24), but the amendments also respond to issues raised by several other recent Chancery Court decisions. Advocates of the legislation contend that it is necessary to address “rogue” decisions by the Chancery Court that were inconsistent with market practice, while critics argue that it makes seismic changes to the DGCL without sufficient deliberation, raises a number of unanswered questions and reopens many governance issues that were long thought to be settled.

With all of the controversy surrounding the 2024 DGCL amendments and their potentially profound impact on Delaware corporations, you won’t want to miss today’s DealLawyers.com webcast – “2024 DGCL Amendments: Implications & Unanswered Questions” – from 2 to 3 pm ET. Steven Haas of Hunton Andrews Kurth, Julia Lapitskaya of Gibson Dunn, and Eric Klinger-Wilensky of Morris Nichols will address the following:

– Overview of the DGCL amendments
– Implications for governance agreements
– Implications for acquisition agreements
– Fiduciary duties v. contractual obligations
– Unanswered questions

Members of DealLawyers.com are able to attend this critical webcast at no charge. If you’re not yet a member, subscribe now. If you need assistance, send us an email at info@ccrcorp.com – or call us at 800.737.1271.

We will apply for CLE credit in all applicable states (with the exception of SC and NE, which require advance notice) for this 60-minute webcast. You must submit your state and license number prior to or during the program using this form. Attendees must participate in the live webcast and fully complete all the CLE credit survey links during the program. You will receive a CLE certificate from our CLE provider when your state issues approval, typically within 30 days of the webcast. All credits are pending state approval.

– Meredith Ervine