![]() ![]() Unlike its extinct English ancestor, the High Court of Chancery of Great Britain, Delaware's Court of Chancery has never become so bound by procedural technicalities and restrictive legal doctrines that it has failed the fundamental purpose of an equity court-to provide relief suited to the circumstances when no adequate remedy is available at law. While the Court's role as arbitrator of the corporation takeover fights of the past decade brought it national prominence even beyond the corporate bar, (4) the Court's decisions largely turned on application of an ancient trust concept of fiduciary duty. ![]() The 200th Anniversary of the Court of Chancery of the State of Delaware is testimony to the Court's ability to adapt principles of equity developed centuries ago to ever-changing economic circumstances and legal relationships. Quillen (2) and Michael Hanrahan (3)Ĭopyright © 1993 by The Widener University School of Law, William T.
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