Corporate Litigation and Counseling

Resolution of Defective Corporate Acts

Delaware’s corporate law requires exacting compliance with corporate formalities and offers innovative tools, in the form of Sections 204 and 205 for dealing with past defective corporate acts.

Young Conaway attorneys served on the drafting committee for Sections 204 and 205 of the Delaware General Corporation Law, which allow for corporate ratification of defective corporate acts, and wrote the Bloomberg Portfolio on the topic. Our attorneys can help corporations or other stakeholders correct or challenge defective corporate acts using either private governance solutions or petitions in the Delaware Court of Chancery.