Delaware has long been the leading jurisdiction for corporate law, but states like Nevada and Texas are attempting to expand their corporate presence, resulting in several disputes in Delaware over the application of its corporate law to conversions of companies occurring outside the state. Travis Ferguson and Faith Flugence discuss the Delaware Court of Chancery’s decision to uphold a majority vote for corporate conversions in Gunderson v. Trade Desk, despite concerns over a supermajority vote. In “Chancery Holds Proposed Conversion From Delaware Corporation to Nevada Corporation Requires Only Majority OK Under DGCL Statute,” Travis and Faith explore how this ruling may set the stage for significant developments in corporate law as the states compete for corporate business.
1.29.2025