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...But Elliott insiders note that the address in question — 1209 North Orange Street in the US state of Delaware — is home to the Corporation Trust Center, where more than 250,000 companies are registered....
...Corporation and the French energy company TotalEnergies....
...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
...Michela Tindera So Delaware’s court system is fast and effective. But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
...A hard-to-replicate combination of decades of legal precedent and an established legal community make the state attractive to corporations....
...If you doubt this I urge you to read a law journal article by corporate governance luminary, Leo Strine, the former chief justice of the Delaware Supreme Court....
...Berkshire did not disclose any new investments in the fourth quarter of 2023, although it increased its holdings in satellite radio operator SiriusXM and in oil majors Chevron and Occidental Petroleum....
...“The affairs of Delaware corporations, however, must be managed by Boards of Directors, not backroom deals,” said the lawsuit, saying non-Elliott shareholders never got the opportunity to approve the features...
...Then, a mere 10 hours before the bankruptcy filing, a company lawyer changed the address of the shell corporation to a post office box in Houston....
...Musk vs Delaware The small US state of Delaware has long been the refuge of large corporations seeking predictable courts....
...They are seeking to speed up proceedings as TMTG moves towards a stock market listing through a merger with blank-cheque company Digital World Acquisition Corporation....
...Some past efforts to throw out its proposals have failed, notably at Occidental Petroleum in 2022. However, investor support for climate proposals has more recently declined....
...Food delivery start-up DoorDash, online marketplace Etsy, real estate platform Zillow, online broker Robinhood, payments system PayPal, energy corporation Occidental Petroleum and ecommerce company Shopify...
...Global energy markets have changed and grown dramatically since the creation of the Strategic Petroleum Reserve (SPR) nearly 50 years ago....
...Occidental Petroleum yesterday became the latest oil producer to post better-than-expected earnings, bringing in full year net income of $3.8bn in 2023....
...Last June, it agreed to sell 4mn tonnes a year of LNG to China National Petroleum Corporation for 27 years, following a similar deal with China’s Sinopec in November 2022....
...One of his first big decisions was to walk away from a $50bn-plus takeover battle with rival Occidental Petroleum for Anadarko Petroleum....
...SPDC controls 30 per cent of the so-called SPDC joint venture in partnership with the state-owned Nigerian National Petroleum Corporation, which controls 55 per cent....
...The next four crude cargoes will be supplied by the state-owned oil company the Nigerian National Petroleum Corporation (NNPC) in “two to three weeks” and ExxonMobil will supply the last of the initial six...
...Judge Colm Connolly in Delaware has yet to rule on the motion. Jankowicz is seeking damages in an amount to be determined at trial....
...spy on corporations....
...UniCredit to return €8.6bn to shareholders (FT) Private equity buys majority stake in US accounting firm Baker Tilly (FT) ADM’s accounting procedures probed by US prosecutors (FT) Can Elon Musk derail Delaware...
...& Colman Reed International (RELX) Rio Tinto - Zinc Corporation Royal Bank of Scotland Group (NatWest) Sainsbury Shell Trans. & Trad....
...“The colossal petroleum project at Fort McMurray is not drilling for oil but mining bitumen, a low-grade dog of a petroleum product that they then have to render using huge quantities of natural gas to extract...
...Legislation for a new national petroleum company was recently tabled. Investors and executives with knowledge of PetroSA and the sector have cast doubt on these plans....
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