News & Analysis as of

Delaware Special Purpose Acquisition Companies (SPACs) Acquisitions

Woodruff Sawyer

SPAC Perspective: What Do We Do About Cayman?

Woodruff Sawyer on

Cayman continues to be a hot topic among SPACs. It comes up in almost every conversation I have about SPACs and de-SPACs. My clients are asking: Should they incorporate in the Cayman Islands and then remain there after their...more

Sheppard Mullin Richter & Hampton LLP

Delaware M&A Case Law Roundup

In the dynamic and ever-evolving landscape of mergers and acquisitions (“M&A”) and related corporate transactions, Delaware courts continue to play a pivotal role in shaping legal precedents and guiding corporate practices....more

A&O Shearman

Delaware Chancery Court declines to grant specific performance in a broken de-spac deal due to inherent limitations of the remedy

A&O Shearman on

Decision underscores the practical realities required for a court to enforce a specific performance clause, and the importance of having “clean hands” for parties to be eligible for this specific remedy....more

McDermott Will & Schulte

Delaware Court Ruling Creates New Obstacle for Former SPACs

In a case filed simply to determine whether a plaintiff was entitled to attorneys’ fees and expenses for conferring a benefit on a corporation, the Delaware Court of Chancery held that the planned stockholder vote by the...more

White & Case LLP

Notable decisions from Delaware courts

White & Case LLP on

MultiPlan: Chancery court assesses fiduciary duties in the context of de-SPAC transactions - The Delaware Court of Chancery declined to dismiss, at the pleading stage, breach of fiduciary duty claims made against a SPAC's...more

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