This is why Delaware is home to more than 2.1 million active business entities. Eighty one percent of companies that launched an initial public offering on a U.S. stock exchange chose Delaware as their state of incorporation in 2024, an increase from 2023. That such an overwhelming proportion of newly

As I mentioned in an earlier post, Nevada is launching a pilot program to consolidate business court cases before judges dedicated to adjudicating business court cases. This is the Administrative Order creating the pilot program.

The pilot offers a chance to generate data for the next legislative session and to see how many judges will be necessary to carry Nevada’s caseload. This reorganization functionally creates a dedicated business court by dedicating two judges to handle business court matters exclusively. (Fully shifting to an appointed and dedicated system will require a constitutional amendment to pass the next legislative session and a public referendum.)

The Order provides than to “pilot a new Business Court model, Judge Maria Gall (Dept. 9), and Judge Joe Hardy (Dept. 15), will be designated full Business Court Judges.”

Business Court cases assigned to most other judicial Departments “shall be evenly and randomly reassigned to Departments 9 and 15.” The Business Court Cases currently with Department 13, Judge Denton, will remain with Department 13. The non-Business Court cases that were being handled by Departments 9 and 15 are also being reassigned. The changes will exclusively dedicate Judges Gall and Hardy to Business Court matters.

Consolidating Business…

We’re past the bulk of proxy announcements and waiting on votes to come in at this point. I expect we’ll continue to see some action this year, but I don’t expect the pace to be as rapid.

For context, I looked back at roughly around this time last year. At that point, I was only tracking movement to Nevada and had 17 announcements. By the end of the year, it was up to 28 announcements of some kind or another for Nevada. I had 8 for Texas. That came to roughly 36 overall for Texas and Nevada.

This list has not changed substantially from last week, but we’re at 29 announcements between Texas and Nevada for this year already. On this update, we only have a few more now since the last list about two weeks ago. It’s two more that I didn’t have on my list: Granite Ridge and DeFi Development Corp. This is the updated sheet for folks that want to see the full set.

The pace of announcements has slowed a bit since the last update. My list now has 36 entries, five more since the last update. We have also had some significant vote results come in.

Submissions are now open for the 2026-27 series of the online Law & Finance Workshop. Submissions are due by the end of the day on Friday, July 3, 2026.

The Law & Finance Workshop was launched in Spring 2025 to create a space for more frequent discussion of scholarly works-in-progress in the field of law and finance, and to foster community among scholars working in this area. The workshop meets online once per month during the fall and spring semesters and is open to all interested scholars. Each workshop features a paper presentation followed by comments from a discussant and Q&A with participants. 

We welcome submissions from scholars across all relevant disciplines that examine the role of law and regulation in finance broadly defined, including household finance, corporate finance, and public finance. Interested scholars should submit their abstracts using this form no later than EOD onFriday, July 3, 2026. Selected authors must be ready to make complete drafts of their papers available for distribution one week prior to the scheduled date of the workshop.  

We look forward to seeing you in the fall.

Nikita Aggarwal, Caroline Bradley, & George Georgiev (organizing committee)

The Insurance, Legal Studies and Real Estate Department in the Terry College of Business at The University of Georgia invites applications for a tenure-track Assistant Professor position. The position will begin fall semester of 2027, with an anticipated employment start date of August 1, 2027.

More information about the the opportunity can be found here.

Institutional investors today have to think more about differences between jurisdictions to decide whether to vote in favor of proposals to move from one jurisdiction to another. The Council of Institutional Investors has been working to get up to speed on these issues and recently posted a chart and featured it on the Harvard Law School Forum on Corporate Governance. I gave some comments on an early version of the chart and know that they’re working in good faith to help investors understand the differences. I’m also a big fan of their podcast, the Voice of Corporate Governance which often has thoughtful takes and engagement.

The chart notes that although they “exercised due care in preparing this report, it does not guarantee the accuracy of the information.” It also asks readers to report errors or suggest additional features for comparison by emailing them. These charts will always be works in progress, continually updated as jurisdictions change over time.

Now that I’ve seen the final version, I’ve got some notes on it. Some of this draws from notes I sent earlier in the process and some of it is what I think people need to know now after looking at…