Delaware Transactional & Corporate Law Update

Recent Amendments to Delaware’s General Corporation Law Permit Charter or Bylaws to Limit Venue for an Expanded Category of Stockholder Suits, Among Other Changes

By Craig E. Rushmore, Amber J. Zelko, and Emily K. Cowan

Following recent amendments to the General Corporation Law of the State of Delaware (the “DGCL”), a corporation’s charter or bylaws may provide that certain claims by stockholders must be asserted in a specific venue in addition to Delaware.  Except as otherwise explained below, this and the other amendments discussed in this article took effect on August 1, 2025.  READ MORE

Delaware LLC and LP Acts Have Recently Been Amended to Authorize Implied Ratification of Void or Voidable Acts, Among Other Changes

By Lauren M. McCrery and Daniel M. Cole

Effective August 1, 2025, the Delaware Limited Liability Company Act (the “DLLCA”) and the Delaware Revised Uniform Limited Partnership Act (the “DRULPA”) have been amended to provide, among other things, that a void or voidable act relating to an LLC or LP can be ratified impliedly, including by inaction.  READ MORE