A brewing legal battle over Elon Musk’s effort to terminate a $44 billion deal to buy Twitter will most likely land in a courtroom in Delaware. That’s where a 230-year-old court that is a prime venue for corporate battles may hear a case, should Twitter sue Mr. Musk to force a completion of the deal, as it is expected to do this week.The court is known as Delaware’s Court of Chancery. Here’s what to know about it.What is the Delaware Court of Chancery?Created in 1792, the Delaware Court of Chancery is one of three courts established by the State Constitution, alongside the Supreme and Superior Courts. It is known as a court of equity, rather than a court of law, because it allows for more flexible resolutions than the law formally provides.The court’s purview is to make decisions in cases where the law is not explicit about outcomes and where one party is seeking a specific action beyond monetary damages, said Charles Elson, founding director of the John L. Weinberg …
