Key takeaways:

• This issue of the Debevoise & Plimpton Special Committee Report surveys corporate transactions announced during the period from January through June 2021 that used special committees to manage conflicts, and key Delaware judicial decisions during this period ruling on the effectiveness of such committees.
• While corporate transactional activity during the first half of 2021 may be remembered more for SPACs, cryptocurrencies and meme stocks, there continued to be a significant number of conflicted transactions and the Delaware courts continued to refine the boundaries of Delaware law involving the use of special committees.