Your lawyer may not feel that your case is a current top priority. In fact, your attorney may have other cases that are more pressing than yours. Just remember to be patient.
There is also a great emphasis on privacy in Delaware, which asks for minimum information while firms are incorporated. The Delaware General Corporation Law (DGCL) is the basis for incorporating companies in Delaware and this is the law that governs the internal affairs of a company and defines the relationship between the stockholders and managers of a business. On March 13, 2017, the #trademarking Delaware Corporate Law Council proposed amendments to the DGCL that would allow corporations incorporated in the state to use “networks of electronic databases (such as distributed ledgers) to create and administer corporate records.” These changes were a part of the Delaware Blockchain Initiative. Now, if all goes well starting August 1, 2017, Delaware would become the first state to allow companies to start issuing and tracking shares on a distributed ledger or Blockchain. An apt development considering the state’s tagline “First State,” a name that has stuck since they were the first to ratify the US Constitution. The Delaware Blockchain Initiative is revolutionary and it has some key elements, the most important of them being that virtual currency and Blockchain businesses will not face new prescriptive regulations in the state. According to a blog published by the state , adding shares to the Blockchain has several potential benefits: “The key benefits of blockchain shares are that participants share a single database: a distributed ledger. As such, trades can execute instantaneously, without reliance on intermediaries, and settlement is guaranteed. “T+3” settlement delays need no longer exist. Voting and other governance processes can be included in the blockchain processes. Both publicly traded and privately held companies might benefit from the efficiencies of a blockchain ledger.” Jack Markell, the former governor of Delaware, introduced the Delaware Blockchain Initiative in May 2016, with the initiative having the ability to transform the process through which companies are incorporated. Blockchain-based processes would be involved in many basic and legal documents, which these firms file with the Delaware Division of Companies during incorporation. In a post by Andrea Tinianow of the Delaware Blockchain Initiative on the Harvard Law Forum on Corporate Governance and Financial Regulation, the move of the state to authorize distributed ledger shares is touted as significant and more than just an upgrade to the shareholder recordkeeping tools.
Leaders must attack problems that intimidate others. It is not always safe to be a leader. Good leaders take risks and can see opportunities on the horizon. Remember that lawyers are not miracle workers. If you find a lawyer that assures you he or she will win, no matter what, that means that they’re lying to you and need to be avoided. With court battles, nothing is a given, so try to avoid lawyers who say this.
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