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Broz V Cellular Information Systems Inc
''Broz v. Cellular Information Systems Inc.'', 637 A.2d 148 (Del. 1996), is a US corporate law case, concerning the standard in Delaware corporations regarding conflicts of interest. It exemplifies that the Delaware courts spend considerable resources inquiring into whether a director has had an actual conflict of interest, as opposed to the traditional common law approach which demanded that there should be no possibility of a conflict.cf ''Keech v Sandford'' [1726] EWHC Ch J76 Facts Broz was sole shareholder and president of RFB Cellular Inc. (RFB), which held telecommunications licenses for a number of districts in Michigan. Broz was also a non-executive board member of CIS, which operated in the same business in the upper Midwestern United States; notably it too operated in parts of Michigan. Broz, as owner of RFB, was approached by Mackinac, a tele-license broker, who offered him another opportunity for a license in Michigan. Broz discussed the matter informally with the CI ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delaware Supreme Court
The Delaware Supreme Court is the sole appellate court in the United States state of Delaware. Because Delaware is a popular haven for corporations, the Court has developed a worldwide reputation as a respected source of corporate law decisions, particularly in the area of mergers and acquisitions.Thomas Lee Hazen and Jerry W. Markham, ''Corporations and Other Business Enterprises'' (2003) Jurisdiction The Supreme Court has appellate jurisdiction over direct appeals from the Superior Court, Family Court, and Court of Chancery. Because it is the only appellate court in the state, its jurisdiction over appeals from final orders is mandatory. However, it has discretionary jurisdiction over appeals from interlocutory orders. The Court has original jurisdiction over writs of mandamus, prohibition, and certiorari. In addition, the Court regulates and has exclusive jurisdiction over matters concerning the admission and discipline of lawyers, the Lawyers' Fund for Client Protection, c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |