Business Law in the Ring: Nevada\u27s Rebel Rules Versus Delaware\u27s Corporate Crown

Abstract

This White Paper will begin with an analysis of specialized courts, starting with the Delaware Court of Chancery. It will then compare Delaware’s courts with the business courts in Texas and Nevada and will provide a detailed implementation plan for a specialized business court in Nevada. Next, this White Paper will address the differences between the corporate laws in Nevada and Delaware, including the benefits of incorporating in Nevada versus Delaware. The White Paper will then briefly discuss the proposed general jurisdiction bill in Nevada, and why it ultimately failed. Finally, this White Paper will end with remarks on where Nevada is at in its corporate law journey, why its corporate laws are better for business, and where it should be headed in the next few years