In this issue:
- Update: Proposed Amendments to DGCL, Including Ban on Fee-Shifting and Permitting Exclusive Forum Provisions
- CFTC and Australian Regulator Sign Memorandum of Understanding Regarding Cross-Border SDs and MSPs
- SDNY Denies Motion to Dismiss SEC Insider Trading Complaint Despite Newman Holding
- US Sentencing Commission Revises Sentencing Guidelines for Fraud
- Federal Reserve Board Expands Small Bank Holding Company Policy Statement
- OCC Revises Guidance and Forms for Subordinated Debt Issued for Tier 2 Capital and Non-Capital Purposes
- OCC Issues New Handbook on Deposit-Related Consumer Credit
- FCA Finalizes Guidance on Multilateral Trading Facilities
- Excerpt from Update: Proposed Amendments to DGCL, Including Ban on Fee-Shifting and Permitting Exclusive Forum Provisions
The Corporation Law Section of the Delaware State Bar Association has approved, in substantially the form proposed by the Delaware Corporate Council, amendments to the General Corporation Law of the State of Delaware (DGCL) that would prohibit so-called “fee-shifting” provisions in charters and bylaws, expressly permit “exclusive forum provisions” in a corporation’s charter and bylaws, and make certain changes with respect to appraisal rights...
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