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Publicly-Traded Companies › Special Purpose Acquisition Companies (SPACs) › Delaware

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

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

McDermott Will & Schulte on

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

K&L Gates LLP

Despite Legal and Other Challenges, Amendments to Delaware's Corporate Statute Remain Compelling

K&L Gates LLP on

Delaware recently enacted significant amendments (the 2022 Amendments) to the General Corporation Law of the State of Delaware (the DGCL), enhancing Delaware’s corporate governance regime for directors and officers, while...more

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