Do Sharpened Definitions in Delaware’s Corporate Law Amendments Afford a ‘Clear Playbook’ or Place Chancery in ‘Straitjacket’?

Attorneys debating the merits of Senate Bill 21 said that statutory definitions make it easier to advise clients on staying within the business judgment rule, but others respond that some cases have nuance that can only be sorted out by business courts.

       

Attorneys debating the merits of Senate Bill 21 said that statutory definitions make it easier to advise clients on staying within the business judgment rule, but others respond that some cases have nuance that can only be sorted out by business courts.