Delaware Enacts Landmark Corporate Law Amendments

On March 25, 2025, the Delaware legislature and Governor enacted landmark amendments to the Delaware General Corporation Law that will have significant impacts for Delaware corporations and transaction planning. The amendments respond to recent concerns over Delaware law that had arisen in the market and should, in our view, restore the stability, predictability, and balance that long characterized Delaware law. The Delaware Governor and legislative leaders announced the underlying legislation on February 17, 2025, and the Delaware legislature acted swiftly and decisively to ensure that Delaware law remains workable for its various constituents. Read WSGR’s client alert here.