A new judicial boss

摘要

It May be one of America's smallest states but in corporate law Delaware punches well above its weight. Its Court of Chancery, which hears business cases, recently stymied Carl Icahn's attempt to disrupt a buy-out of Dell. Next month Cooper Tire will try to get another of the court's rulings overturned by the state's Supreme Court, so as to hold an Indian rival to the letter of a $2.3 billion merger agreement. Delaware's courts hear many such cases each year because more than half of America's publicly traded companies and several hundred thousand of its private firms are incorporated in the state.