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RULES of the COURT of CHANCERY of the STATE of DELAWARE I Form

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RULES of the COURT of CHANCERY of the STATE of DELAWARE I Form

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Most public companies are incorporated in Delaware. One of the reasons for that is the excellence of the Delaware General Corporation Law, but really the most important reason is the Delaware Court of Chancery. Issues arising under Delaware corporate law for the most part are channeled directly into the Delaware Court of Chancery. The Court of Chancery is a court of equity. There are no juries. There is one chancellor and number of vice chancellors and you make your case to the chancellor or the vice chancellor directly on both matters of fact and matter of law. The chancellors and vice chancellors are selected in a non-political process and they are chosen from the Delaware bar for their excellence as corporate lawyers. They are routinely voted the best court system in the United States. The Delaware Court of Chancery is routinely regarded as the premier corporate and commercial court in the world. There are not many judges who will throw down with an investment banker from Goldman Sa

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