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The Delaware Court of Chancery is a court of equity in the U.S. state of Delaware. It is one of Delaware's three constitutional courts, along with the Supreme Court and Superior Court . Since 2018, the court consists of seven judges.
The court is a trial court, with one chancellor hearing each case. Litigants may appeal final decisions of the Court of Chancery to the Delaware Supreme Court. [citation needed] Delaware has also attracted major credit card banks because of its relaxed rules regarding interest.
Courts of Delaware include: State courts of Delaware. Delaware Supreme Court [1] Delaware Court of Chancery [2] Delaware Superior Court (3 courts, one for each county) [3] Delaware Family Court [4] Delaware Court of Common Pleas [5] Delaware Justice of the Peace Court; Delaware Alderman's Court; Federal courts located in Delaware
The Court in its current form was established by means of a constitutional amendment in 1951. Before that, the Court had operated under the Delaware Constitution of 1897 as a unique "leftover-judge" system, wherein appeals were heard by a panel of three judges who were not involved in the matter on appeal from either the Superior Court or the Court of Chancery.
Joseph R. Slights III is a lawyer and retired American judge who served on the Delaware Court of Chancery from 2016 to 2022, and the Superior Court of Delaware from 2000 to 2012, playing an instrumental role in creating that court's Complex Commercial Litigation Division.
While Wisconsin still has the remnant of a business court as of October 2024, by a 4-3 vote its Supreme Court issued an order on October 7, 2024, ending the assignment of new cases to the commercial court pilot project, first established by that court in April 2017. [19] Delaware's Court of Chancery, the pre-eminent court addressing intra ...
The Delaware Superior Court, previously known as the Superior Court and Orphans' Court, is the state trial court of general jurisdiction in the state of Delaware.It has original jurisdiction over most criminal and civil cases (except for suits at equity, which are handled by the Delaware Court of Chancery).
Unocal v. Mesa Petroleum Co., 493 A.2d 946 (Del. 1985) [1] is a landmark decision of the Delaware Supreme Court on corporate defensive tactics against take-over bids. Until the Unocal decision in 1985, the Delaware courts had applied the business judgment rule, when appropriate, to takeover defenses, mergers, and sales.