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Delaware Bankruptcy Court Provides Guidance On Drafting Proxies

Proxies in voting and support agreements, secured debt instruments, and other corporate documents should be drafted in a manner that fully reflects the intended scope of the parties' proxy relationship.

7 minute read July 01, 2023 at 12:03 AM
By
Robert B. Greco
Delaware Bankruptcy Court Provides Guidance On Drafting Proxies

As the Delaware Supreme Court recently reaffirmed in Daniel v. Hawkins, 289 A.3d 631 (Del. 2023), proxies are generally construed narrowly under Delaware law.

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