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...About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...Of the 470 public companies in the Fortune 500, 328 make their corporate home in the small, mid-Atlantic state best known for President Joe Biden and chemicals group DuPont, drawn in part to its stable and...
...The state itself, obviously, Joe Biden, the current president of the United States, is the long time senator from Delaware. The DuPont chemical company is famously from Delaware....
...Damocles of asserted uncertainty over the heads of Delaware judges . . ,” he drily noted....
...As such, tech companies with founder bosses as well as PE-backed companies, he said, may be suddenly more reluctant to subject themselves to the constraints of Delaware law and could then domicile in the...
...of Delaware,” he told his 171mn followers on his social network X....
...dollars of investment for a new artificial intelligence company....
...The vote is a chance for shareholders to re-endorse Musk’s leadership of the company, at a time when Tesla’s sales have fallen in the face of slowing demand and rising competition....
...One vice-chancellor of the Delaware Court of Chancery, perhaps surprisingly, welcomed the competition when asked by the Financial Times, citing how much work he had....
...Soon after, Musk took to his social network X and offered some advice: “Never incorporate your company in the state of Delaware.” But will anyone take it?...
...Handler’s breach of contract claims against Centerview over back pay and equity remain pending in the Delaware court....
...Musk, the world’s richest man, switched the incorporation of his brain-implant company Neuralink from Delaware to Nevada last week....
...The bigger picture is that Delaware chancery courts are there to make sure company boards and management are behaving appropriately....
...No concessions of liability have been made,” the company said....
...The company is asking shareholders again to vote in favour of Elon Musk’s 2018 pay package — the same one nullified earlier this year by the Delaware Court of Chancery....
...The chemicals industry, which sits at the start of a vast number of companies’ supply chains, is seen as a bellwether for industrial production, adding to concern among German politicians and executives...
...Thousands of US lawsuits targeting major chemical companies have been filed and agencies globally are tightening regulation....
...Ah, Delaware . . . along with decent beaches and the fading glamour of the DuPont dynasty, the state is known for being a cheap and cheerful venue for registering companies in relative privacy....
...Hours after the ruling, which Tesla can still appeal against, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...After the decision Musk posted on X, the social media platform he owns: “Never incorporate your company in the state of Delaware.”...
...Adnoc declined to comment.At the heart of the matter is the complexity of the transaction and the cross-shareholdings between the companies’ chemicals arms....
...If granted by the Delaware court, Bernstein would be among the 10 largest shareholders of the company....
...Musk vs Delaware The small US state of Delaware has long been the refuge of large corporations seeking predictable courts....
...Musk is also seeking to change the company’s state of incorporation to Texas, partly in protest at a Delaware court decision to void a $56bn pay package he was awarded in 2018....
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