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This month I examine amendments to the Delaware General Corporation Law ( DGCL) effective this month regarding indemnification and interim advancement of expenses, and two Delaware Court of Chancery decisions. The first outlines how a corporation may preserve the right to place reasonable conditions on advancement rights granted to directors and officers even where the corporate charter grants broad advancement rights; the second reaffirms the right of corporations to recover from their fiduciaries for harm caused by insider trading, rejecting a challenge to the continued viability of the state law claim in light of the current federal insider trading regime.

Recent Statutory Amendments

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