Delaware Law Amendment’s Unintended Gap Disrupts Corporate Governance Agreements



State lawmakers in Delaware have faced a surprising obstacle due to a “donut hole” in the recent Delaware General Corporation Law amendment. This legislative oversight has significantly impacted the governance concessions that information technology company N-able Inc. extended to its lead investors. According to a Delaware vice chancellor’s ruling on Thursday, the hasty amendment has led to unexpected complications. More insights into the ruling can be found in the detailed report by Law360 here.