The Right Protection: More on Advancement and Indemnification
December 2008
Publication| Corporate Transactions| Corporate & Chancery Litigation
In three recent opinions, the Delaware Court of Chancery has addressed the scope of indemnification and advancement bylaws and has made some statements that may come as a surprise to corporate practitioners. In one of those cases, the Court held that an unvested right to indemnification or advancement in a corporation’s bylaws could be eliminated through an amendment to those bylaws.