Blog Archives

Delaware Trust Act 2020 Legislative Update

On August 6, 2020, Delaware Governor John C. Carney signed House Bill 334 into law (“Trust Act 2020”).  Here are the key provisions of the Trust Act.

Enhancements to statutes regarding nonjudicial settlement agreements and modification with grantor’s consent or nonobjection (12 Del. C. §§ 3338 and 3342):

  • When a grantor is a party to a nonjudicial settlement agreement under section 3338, or when a trust is modified with a grantor’s consent/nonobjection under section 3342, then:
    • the beneficiaries needing to consent are all of the trust’s beneficiaries (tracking federal tax law); and
    • the grantor can’t virtually represent anyone else (unless the grantor certifies in writing that the trust is an incomplete gift for federal gift tax purposes)
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14 Connolly Gallagher Lawyers Listed in the 27th Edition of The Best Lawyers in America®

Wilmington, DE (August 20, 2020) –Fourteen lawyers from Connolly Gallagher LLP were selected for inclusion in the 2021 edition of The Best Lawyers in America® in Wilmington, Delaware.  The results are based on peer-review evaluations from more than 94,000 eligible attorneys.

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Trisha Hall Contributes Article to Wealth Management.com on Bringing Charitable Fiduciaries Up to Speed

Somewhere along the way, director and officers of charitable foundations have started to view their fiduciary responsibility as standing guard over their organizations’ investment funds by stridently focusing on capital growth and preservation.  While well-meaning, standing guard has also meant standing in the way of the very missions – the good works – these organizations are entrusted to do for our communities.

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2020 Amendments to Delaware’s General Corporation Law and Alternative Entity Statutes

2020 Amendments to Delaware’s General Corporation Law and Alternative Entity Statutes

In its last session, the Delaware legislature passed a number of amendments to the Delaware General Corporation Law (the “DGCL”), the Delaware Limited Liability Company Act (the “DLLCA”), the Delaware Revised Uniform Limited Partnership Act (“DRULPA”) and the Delaware Revised Uniform Partnership Act (“DRUPA” and, together with the DLLCA and DRULPA, the “alternative entity statutes”). Delaware Governor John Carney signed these bills into law on July 16, 2020. The amendments largely become effective upon enactment, with certain exceptions.

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Connolly Gallagher Stands with the Black Community

Connolly Gallagher LLP stands with the Black community in denouncing police brutality and racism. We are dedicated to overcoming our nation’s long-standing history of racism and working towards a society where people are not stratified, identified, or treated differently, based on the color of their skin. We are committed to dedicating time and resources to combat all racism and to fight for the equal and just treatment of all people. We support the right of individuals to gather for peaceful protest and to be heard. Through its Diversity and Inclusion Committee, the firm will continue to evaluate and implement initiatives to support all people who have faced unjust treatment due to the color of their skin. We are committed to doing the important work that must be done for our entire community, we share the sense of urgency surrounding this movement, and we look forward to achieving great things with and for our community.

The post Connolly Gallagher Stands with the Black Community appeared first on Connolly Gallagher, LLP.

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8 Connolly Gallagher Attorneys Selected for Inclusion in the 2020 Delaware Super Lawyers

8 Connolly Gallagher Attorneys Selected for Inclusion in the 2020 Delaware Super Lawyers

Eight Connolly Gallagher attorneys have been selected for inclusion in the 2020 Delaware Super Lawyers magazine. In addition, attorney Lauren P. DeLuca was recognized as Delaware Rising Star. Connolly Gallagher offers its clients a multidisciplinary approach and is proud to be recognized by Super Lawyers for excellence in four different practice areas.

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Managing Intellectual Property’s IP Stars Ranks Connolly as IP Star for Delaware

Managing Intellectual Property’s IP Stars Ranks Connolly as IP Star for Delaware

Managing Intellectual Property released its 2020/2021 Managing IP – IP Stars Guide naming Arthur G. (“Chip”) Connolly III as an IP Star for Delaware. The IP Stars list is based on market feedback and independent research conducted by the IP Stars research team including 1,850 firms and 5,700 practitioners. The IP Stars awards recognize outstanding achievements by law firms, partners and in-house counsel in the past year.  Congratulations Chip!

For more information about Managing IP – IP Stars visit their website here.

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ILN Today Post

ILN members collaborate outside of the network

Susan Gross Sholinsky of Epstein Becker Green and Jennifer Smuts of Connolly Gallagher LLP are both involved in 2020 Women on Boards, a campaign to increase the percentage of women on U.S. Boards of Directors to 20% or greater by the year 2020. Both women are co-chairs of their respective cities and have planned the National Conversation on Board Diversity events for later this year. 2019’s National Conversation is taking places in almost 40 cities, including Boston, Chicago, Detroit, Houston, Los Angeles, Nashville, New York, San Francisco, Tampa, Washington, D.C. and Wilmington. During this event, thousands of C-Suite and senior executives will discuss the topic “Now Is the Time: How Can We Held Each Other and Seek Allies to Find a Corporate Board Seat?”

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ILN Today Post

Connolly Gallagher attorneys attend “DEAL” signing ceremony

Connolly Gallagher LLP attorneys Timothy Holly, Matthew Boyer and Lauren DeLuca attended the signing ceremony to mark the adoption of their proposed amendment to the Delaware Equal Accommodations Law to add anti-retaliation protections, with Delaware Governor John Carney and Senator Anthony Delcollo.

Also, Tim Holly contributes his employment law insight to the Delaware Business Times regarding Delaware’s anti-retaliation provision.  “The Delaware Equal Accommodations Law (“DEAL”),  in part, prohibits people from refusing, withholding from, or denying others accommodations, facilities, advantages, or privileges of a place of public accommodation, based on protected characteristics of race, marital status, creed, color, sex, disability, sexual orientation, gender identity, or national origin.”

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Connolly Gallagher’s Managing Partner, Chip Connolly Appointed to The First State Fintech Lab Advisory Board

Connolly Gallagher’s Managing Partner, Chip Connolly Appointed to The First State Fintech Lab Advisory Board

Arthur G. (“Chip”) Connolly III was appointed to The First State Fintech Lab advisory board.  According to co-founder, John Collins, “In our Advisory Board we have assembled a diverse, world class group of leaders who see the potential Delaware has to be a financial technology leader. As the rewiring of traditional financial relationships takes place, we need to make sure that no one is left behind.”

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