UT Soft Law Review

UT Soft Law Review No.2 2010while Delaware may be the most influential jurisdiction in the takeover area, in the Americanfederal system, it is not the only jurisdiction.III. CONCLUSIONTo return to my beginning point, the issue of importance is not so much the institutionalframework that prevails in the United States generally, or in Delaware specifically, but whatframework is most suitable for Japan. That must be for you and other Japanese policymakersto decide. I hope that my observations about the Delaware experience will be of assistance toyou in this important endeavor.for guidance in interpreting Indiana corporate law, including decisions relating to potential changeof control transactions that impose a different or higher degree of scrutiny on actions taken bydirectors in response to a proposed acquisition of control of the corporation, are inconsistent withthe proper application of the business judgment rule under this article.Ind. Code Ann. § 23-1-35-1(f) (West 1990).27