Validity of Board-Adopted Forum Selection Bylaw Provisions Following Boilermakers Local 154 Ret. Fund v. Chevron Corp & IClub Inv. P'ship v. Fedex Corp.
In the consolidated decision of Boilermakers Local 154 Retirement Fund v. Chevron Corp and ICLUB Investment Partnership v. FedEx Corp, Chancellor Leo E. Strine Jr. of the Delaware Court of Chancery held that a bylaw provision unilaterally adopted by the board of directors of a Delaware corporation providing that Delaware is the exclusive forum for resolution of certain disputes involving the internal affairs of the corporation is both statutorily and contractually valid.
Lauren Kornsey, Senior Manager, Marketing and Business Development
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