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...Delaware....
...Specialised state and federal courts are not unusual in the US. But in business matters, Delaware and New York state law remain pre-eminent....
...Collins Seitz Jr, the chief justice of the Delaware Supreme Court, tried to play statesman, noting the state is “not trying to win popularity contests” and that “Delaware has always persevered”....
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling chief executive Elon Musk’s promise in February after a Delaware court voided his $56bn pay...
...The state-backed group is the second-largest developer by sales in China and is one of the companies that has helped build modern China....
...Delaware has been accused in the past of being over-friendly to boards; it now faces a fresh judicial challenge. The US tradition of legal competition among states is distinctive....
...Bainbridge said he believed Delaware’s willingness to harness Musk would buttress the state’s supremacy rather than threaten it....
...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....
...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling Elon Musk’s promise in February after a Delaware court voided his $56bn pay package....
...“If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,” Musk wrote on X on Wednesday....
...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?...
...Niccolo Caldararo Department of Anthropology, San Francisco State University, CA, US...
...The bigger picture is that Delaware chancery courts are there to make sure company boards and management are behaving appropriately....
...A spokesperson for the Delaware Department of State said Tuesday that it has referred what appears to be a faked iShares filing to the state’s Department of Justice....
...Hours after the ruling, which Tesla can still appeal against, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...The committee “initially considered all US states as well as the possibility of incorporating outside of the US”, before drawing up a 10-state shortlist — California, Delaware, Florida, Maryland, Nevada,...
...After the decision Musk posted on X, the social media platform he owns: “Never incorporate your company in the state of Delaware.”...
...It is extraordinary,” Charles Elson, a governance expert at the University of Delaware, told me this week....
...Ira Sohn Emeritus Professor of Economics and Finance, Montclair State UniversityUpper Montclair, NJ, US Letter in response to this letter: A gently declining population is no reason to panic / From Tim...
...Following the decision, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...But Bernstein’s Varallo vigorously defended Delaware as a fair venue for both shareholders and companies....
...Attorneys for shareholders who defeated Elon Musk’s $56bn Tesla pay package have asked a Delaware state court to award them shares in the electric vehicle maker worth nearly $6bn as payment....
...The billionaire posted his comments about shifting to the state where Tesla’s physical headquarters are located following the ruling this week by Kathaleen McCormick, a judge in the Delaware Court of Chancery...
...The case filed in the Delaware Court of Chancery comes as corporate settlements with activists become more common....
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