TripAdvisor Relocation Appeal Tests Delaware’s Dominant Status

Amid heated debate in the corporate law community over whether Delaware is still the best home for much of the Fortune 500, no one seems to want the state’s highest court to rewrite the rules dictating how and when a company can relocate.

The state’s high court will hear an appeal challenging a Chancery Court opinion allowing TripAdvisor Inc. shareholders to pursue damages over the travel and booking website operator’s planned reincorporation in Nevada, the latest in a series of rulings and statutory changes scrutinizing corporate control.

Incorporation is a “garden variety issue” for companies, and predictability in Delaware law ...