The Court of Chancery recently concluded that a member of a Delaware LLC could reach an implied contractual agreement to withdraw as a member of the LLC, even if the LLC does not have a written operating agreement....more
Delaware Governor John Carney recently signed into law a bill to amend Section 145 of the Delaware General Corporation Law (“DGCL”) to allow Delaware corporations to use captive insurance for their directors and officers...more
Delaware has introduced additional restrictions on individuals and businesses aimed to curb the recent spike in COVID-19 infections. On November 17, Governor Carney announced forthcoming amendments to his emergency order....more
Delaware Gov. John Carney has announced an expansion to the DE Relief Grants program, which assists small businesses affected by COVID-19. The expansion will provide an additional $25 million in additional relief for hundreds...more
On June 15, 2020, the State of Delaware will begin the second phase of its three-part reopening plan. This phase allows certain public-facing businesses that reopened in Phase 1 to further expand their occupancy limits....more
On June 1, 2020, the State of Delaware commenced Phase 1 of its three-part reopening plan. This phase allows certain public-facing businesses to reopen with limited capacity, subject to social distancing guidelines.
On May...more