• Delaware Court of Chancery Proposes Arbitration Rules for All "Business Disputes"
  • January 20, 2010 | Author: Whitney Deeney
  • Law Firm: Saul Ewing LLP - Wilmington Office
  • Recently, the Delaware Court of Chancery (“Court of Chancery” or “Court”) proposed rules which, if adopted, will establish arbitration procedures allowing any member of the Court to act as an arbitrator in a business dispute. To companies in the midst of such disputes, this option may prove an extraordinarily valuable alternative to trial. Arbitration before the Court of Chancery may quickly become very popular, particularly in light of the Court’s reputation as the preeminent forum for resolution of corporate contests and for its expeditious proceedings.