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In its recent decision in Versata Enterprises, Inc. and Trilogy, Inc. v. Selectica, Inc., the Delaware Supreme Court upheld a decision by the Delaware Court of Chancery approving the adoption of a shareholder rights plan with a 4.99% trigger designed to preserve the potential value of net operating losses (NOLs), as well as the subsequent exercise of the plan's exchange mechanism and the adoption of a further rights plan with a 4.99% trigger.

On August 31, 2022, certain amendments to the Canada Business Corporations Act (CBCA) and related regulations affecting the election of directors will come into force.