Delaware Chancery Court’s Role Understated Accidentally
The State of Delaware, often seen to compete to attract the chartering of businesses, makes a strange pitch for its Chancery Court, one that seems intended to brag suitably but which accidentally is watered down to the trivial:
The Delaware Court of Chancery is widely recognized as the nation’s preeminent forum for the determination of disputes involving the internal affairs of the thousands upon thousands of Delaware corporations and other business entities through which a vast amount of the world’s commercial affairs is conducted.
The statement (my emphasis added) meant to say that the Chancery Court is among the best business law courts in the country, probably true. Instead it says that the court is the best at a narrow specialty: the internal affairs of business entities chartered in Delaware (which, it then notes, are important in global commerce).
The next sentence tries to make up for the modesty, but it both comes too late and overstates with its use of the words “unique” and “unmatched”:
Its unique competence in and exposure to issues of business law are unmatched.
Government officials charged with promoting Delaware’s business sophistication need a rewrite.