Timely Takes Podcast: Delaware's Statutory Ratification Process

Remy Nshimiyimana is a partner in Faegre Drinker's corporate practice. He represents domestic and international companies, as well as private equity funds and investment firms, in acquisition and disposition transactions. Remy has facilitated transactions for clients in the financial services, technology, and health and life sciences industries. He guides clients through drafting and negotiating complex commercial arrangements. 

Oderah Nwaeze is a partner in Faegre Drinker's litigation practice. He is an experienced trial attorney who helps clients resolve complex corporate and commercial disputes. For over a decade, Oderah has led or worked on matters involving shareholder rights; actions arising under Delaware General Corporation Law and Delaware common law; lawsuits stemming from mergers, acquisitions and other corporate transactions; business divorces; and breach-of-contract matters. 

Topics:

1. Overview of Delaware’s statutory procedure for ratifying defective corporate acts
2. Examples of the types of defective acts that can be ratified under this statutory procedure
3. Limitations on a corporation's ability to ratify defective acts
4. Shareholder approval requirements
5. The Role of the Chancery Court

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The views set forth in the podcast are the speaker's personal views and do not necessarily reflect those of their firm, company, institution, other organizations, or any of the clients with which they are associated.