One of the reasons that so many corporations and other business
entities are formed in Delaware is that their disputes will be
resolved in the Delaware Court of Chancery, where the Chancellor
and Vice Chancellors are widely considered among the nation's
foremost experts in corporate law. On August 5, 2021, the Court of
Chancery updated its "Guidelines for Persons Litigating in the
Chancery Court" (the "Guidelines").1
Although they are not binding Court rules, the Guidelines
"offer best practices for litigating cases in the Court of
Chancery." Familiarity with the Guidelines is a must for all
Delaware practitioners and Chancery Court litigants. These updates
are a helpful reminder to businesses and their lawyers about the
Court's expectations, and can enhance their ability to obtain a
favorable result.
