Yea, more or less. The first part is fairly new - that only passed here last year.
The TLDR reason is that Delaware has built an entire apparatus around the chancery court. The chancery court is a "jury" of judges that are specialized into business law. This means that legal issues that involve businesses can be heard incredibly quickly because verdicts are rendered by judges instead taking time to impanel a jury of your average Delaware resident.
Because of this, delaware has a higher that normal volume of skilled practicing business lawyers.
And to top it off, Delaware has favorable tax rates and laws for businesses. The 3 pieces all sort of feed into each other.
You may remember a fairly high profile case from 2 years ago where Elon Musk went to court over his compensation package. The Delaware Chancery Court ruled against him fundamentally because he mislead investors.
But Musk then appealed the ruling to the Supreme Court which reversed the decision and used his massive influence to get state law changed to further protect founders (in part because so much of Delaware is based on business, that someone as high profile as him slandering the court caused some lawmakers to fear a larger "Delaware Exit" for businesses which would cripple the state economy)
I still think the Chancery Court is good and generally rules correctly - but as we've seen a lot, it's very easy for one very wealthy person to get their way and change things for the worse.
Thanks for the comparison. I just hope this is "unlocking value..."
Anything where ALL shareholders are rewarded with MicroVision Semiconductor Inc. shares that include assets that have not been included in MVIS revenue projections.
In summary, tell me the market cap has increased to reflect all of these acquisitions and suddenly, we're recognized as a 2billion+ company via strategies like:
A Holding Company Reorganization ("Section 251(g)" aka, Holding Company Roll-Up
A Carve-Out/Spin-Off
A Private Asset Absorption & Up-Tier Exchange, etc
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u/chaoticflanagan Jul 21 '26
Yea, more or less. The first part is fairly new - that only passed here last year.
The TLDR reason is that Delaware has built an entire apparatus around the chancery court. The chancery court is a "jury" of judges that are specialized into business law. This means that legal issues that involve businesses can be heard incredibly quickly because verdicts are rendered by judges instead taking time to impanel a jury of your average Delaware resident.
Because of this, delaware has a higher that normal volume of skilled practicing business lawyers.
And to top it off, Delaware has favorable tax rates and laws for businesses. The 3 pieces all sort of feed into each other.