Recently by Hon. Myron T. Steele
Discovery
Delaware: The Place For Incorporation And Dispute Resolution
Editor: What makes Delaware such an attractive jurisdiction for incorporation and venue for litigation? Steele: People tend to look for three ingredients: the quality of the court system, a supportive legislative climate and an efficient secretary of state’s office. Delaware excels in all...
Read MoreDelaware Courts: The Best Alternative For Business
Editor: Delaware's Complex Commercial Litigation Division (CCLD) now offers a fast track, court-based resolution for qualified commercial disputes. Tell us about this development. Where does it fit into the traditional spectrum from arbitration to full-scale litigation? Steele: CCLD has...
Read MoreDelaware Courts: An Ongoing Saga Of Excellence
Editor: Has the volume of litigation faced by Delaware courts been affected by the current economic and financial crisis? What is the nature of such litigation? Steele : We've had a few cases to date, one involving AIG which passed summary judgment and is on its way to trial and one involving...
Read MoreSeeking A Business Location? The Attractions Of An Even-Handed Court System
Editor: In our recent survey of law firms active in assisting foreign companies to find suitable business locations, a business-friendly climate was cited as an important consideration. How has Delaware been rated and why was it accorded that recognition? Steele: The most recent U.S. Chamber...
Read MoreDelaware Courts Use A Principle-Based "Prudential Regulation" Approach
Editor: Elsewhere in this issue, concern is expressed about the competitiveness of U.S. capital markets. One of the reasons cited for the avoidance of our capital markets is the existing regulatory framework at a federal level. Delaware continues to attract corporations to the state. What lessons...
Read More