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University of Iowa News Release

March 3, 2003

Delaware Supreme Court Justices To Visit UI College Of Law

The Delaware Supreme Court isn't moving to Iowa this month. It just seems that way.

Two justices of the Delaware Supreme Court will be in Iowa City in March to meet with students and deliver lectures at the UI College of Law.

"This is a great opportunity for our students, particularly those who are interested in corporate law, to meet two major national players in that area of the law," said William Hines, dean of the College of Law.

Chief Justice Norman Veasey is the first visitor on Thursday, March 6. Veasey recently chaired the American Bar Association's Ethics 2000 committee that reviewed the ABA's ethics code for attorneys. He will discuss legal ethics at a faculty luncheon at 12:40 p.m. March 6.

Later that evening, he will deliver the keynote address at the annual banquet of the Journal of Corporation Law (JCL), the law school's student-edited journal of articles about corporate governance. Hillary Sale, a professor of law and faculty advisor to the JCL, said the Delaware Supreme Court is perhaps the most important legal institution in determining how American corporations are led and governed.

"More Fortune 500 companies are chartered in Delaware than in any other state," said Sale, an expert on corporate law, particularly corporate governance issues. "Delaware has the most highly developed system of governance law, and since a corporation's governance is determined by the state in which it's chartered, many of them are chartered in Delaware. As a result, the Delaware Supreme Court's decisions affect governance issues for many American corporations."

The Delaware visits continue March 15-23, when Associate Justice Randy Holland begins his annual weeklong series of Spring Intersession classes. For nearly a decade, Holland has visited the UI law school every spring to teach classes about corporate governance law and meet with students and faculty members. Hines said Holland began UI's relationship with the Delaware court when he first visited at the invitation of a then-UI law professor who had previously practiced in Delaware. Hines said Holland enjoyed the visit so much he has come back every year since.

Holland also frequently invites UI law students to serve as semester-long externs in his judicial chambers.

Hines said the UI-Delaware relationship extends to lower courts, as well, as several judges from the Delaware court system have visited the law school through the years. One of them, William Allen, is a former Delaware Chancery Court judge who now teaches at the New York University Law School and is director of NYU's Center for Law and Business. He will visit the UI April 4 to participate in the JCL's "Mechanisms of Market Efficiency" symposium.

Sale said the visits give UI law students an opportunity that most law schools outside of Delaware can't offer.

"It's a unique opportunity for our students to talk to people who actually help make the law that governs so many of the large companies in America," she said. "We are pleased and honored by our association with the Delaware courts."

STORY SOURCE: University of Iowa News Service, 300 Plaza Centre One, Iowa City, Iowa 52242-2500.

CONTACT(S): Tom Snee, 319-384-0010, tom-snee@uiowa.edu.