Securities and Exchange Commission to certify questions of law to the Delaware Supreme Court

By constitutional amendment no less.
The amendment enables the Securities and Exchange Commission to bring critical and urgent questions concerning Delaware law to the Delaware Supreme Court; thus, providing expedited decisions and greater certainty with regard to the corporate law.
You can read all about it in the press release.

Over 50% of publicly-traded corporations, and 60% of Fortune 500 companies, are incorporated
in Delaware. In addition, in 2006, more than 70% of new initial public offerings on U.S.
exchanges were made by corporations incorporated in Delaware. With the large number of
companies choosing Delaware as their place of incorporation, and the outstanding reputations of
Delaware’s courts, this expedited process for addressing corporate law issues will further
strengthen Delaware courts’ preeminence as the forum of choice for corporations.

I couldn’t have said it better myself.

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