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Delaware judicial system
Delaware has one of the few remaining Courts of Chancery in the nation, which has jurisdiction over equity cases, the vast majority of which are corporate disputes, many relating to mergers and acquisitions. The Court of Chancery and the Supreme Court have developed a worldwide reputation for rendering concise opinions concerning corporate law which generally (but not always) grant broad discretion to corporate boards of directors and officers. In addition, the Delaware General Corporation Law, which forms the basis of the Courts' opinions, is widely regarded as giving great flexibility to corporations to manage their affairs. For these reasons, Delaware is considered to have the most business-friendly legal system in the United States; therefore a great number of companies are incorporated in Delaware, including 60% of the companies listed on the New York Stock Exchange. [1]
Delaware judicial news
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Dover, Delaware: The 3rd U.S. Circuit Court of Appeals ruled on Monday, February 1, that the state of Delaware can lift its stays on executions that have been in place since 2006. The debate was started by inmates on death row who challenged whether or not the state met constitutional execution requirements based on past mistakes by the state in hadle executions. The court did, however, affirm some of the inmates worries by warning the state that the court expect an improvement in the way they handle death row punishments.[1][2]
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Portions of this article were taken from Wikipedia under the GNU license.