The Delaware General Corporation Law (DGCL) has been amended by two pieces of legislation. The first set of amendments, adopted as Senate Substitute 1 to Senate Bill 21, implement significant changes to Sections 144 and 220 of the DGCL. These amendments were signed on March 25, 2025 by the governor with immediate and generally retroactive
When I was a summer associate at Greenberg Traurig in Chicago, I took part in the firm’s annual corporate mock deal for its summer associates. Our summer class split into two teams that were involved in a fictional transaction involving the sale of a diamond business and its property, with one team representing the buyer
If you ask the typical American tax administrator to name a notorious tax haven they would probably name the Cayman Islands or the British Virgin Islands or some other small nation that makes a disproportionate amount of its budget by accommodating international tax structures. Ask the same question of a European tax administrator and the
A common question that we are constantly asked by Israelis and other international clients interested in forming a corporation in the United States is what value we should use for the corporation’s par value. In addition, during the course of performing diligence on a target U.S. corporation, there are always references to the par value
Introduction
With the increasing trend of globalization in the business world, Israeli companies and investors are commonly entering into agreements with U.S.-based entities. One of the most frequently found clauses in U.S. commercial agreements is an anti-assignment provision that prevents either or both of the parties from assigning the agreement to a third party prior