The Court of Chancery recently rejected a motion to dismiss based on lack of personal jurisdiction in a dispute between the U.S. unit of a French oil and gas company and a Missouri company with whom it had entered a joint venture agreement.
Total Holdings USA Inc. and Curran Composites Inc. formed the joint venture in 1990 with a general partnership agreement that stated the new entity — Cook Composites and Polymers — was formed “‘in, and in accordance with the laws of Delaware,’” as quoted in the Oct. 9 opinion from Vice Chancellor Leo E. Strine Jr.
