Sciabacucchi and Gender Quotas Engender Dubiety Over Internal Affairs

Allen Matkins
Contact

Allen Matkins

Professor Ann Lipton at Tulane University Law School has noted a slew of forthcoming papers concerning the internal affairs doctrine in light of Vice Chancellor Laster's holding in Sciabacucchi v. Salzberg, 2018 Del. Ch. LEXIS 578, and California's enactment of a board gender quota. She notes that Sciabacucchi is currently on appeal to the Delaware Supreme Court, with opening briefs due last week.

Although the internal affairs doctrine may be the unofficial state religion of Delaware, it is being challenged by its own indeterminacy (what is and isn't an "internal affair") and other states' unwillingness to yield the field of corporate governance to Delaware. As the Court of Appeal observed more than a quarter century ago in Wilson v. Louisiana-Pacific Resources, Inc., 138 Cal. App. 3d 216 (1982):

"[The internal affairs doctrine] has never been followed blindly in California."

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Allen Matkins | Attorney Advertising

Written by:

Allen Matkins
Contact
more
less

Allen Matkins on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide