https://www.siliconvalley.com/2022/07/20/opinion-what-will-delaware-court-do-with-elon-musk/

Twitter’s decision to file a lawsuit against Elon Musk in Delaware last week highlights the significant role of the tiny state in regulating transactions involving public companies. Delaware’s dominance of corporate law is both well-established but fragile. The way that its courts handle the Musk case could once again confirm its importance but also risks highlighting the weak position of the state.

Twitter is headquartered in San Francisco but is incorporated in Delaware, as are a majority of the largest U.S. corporations. Companies are attracted to the state because it has developed a reputation for crafting reasonable rules relating to corporate governance and mergers. The Delaware Chancery Court consists of experts in corporate law who quickly and competently decide cases and provide extensive guidance on best practices that are essential reading for corporate lawyers.