Richards Layton & Finger
 

The Delaware Rapid Arbitration Act: Four Elements for a Better Arbitration

May 2016

On April 2, 2015, Delaware Governor Jack Markell signed into law the Delaware Rapid Arbitration Act ("Act"). This Act allows for alternative dispute resolution consistent with arbitration's origins as a rapid and efficient means of resolving disputes. The Act responds to growing complaints by Delaware's companies about the incrustation of costs and delays onto non-judicial dispute resolution. The Act is the product of the collaboration of practitioners in Delaware, including members of this Firm, led by Delaware's Chief Justice, Leo E. Strine, Jr., Delaware's Chancellor, Andre G. Bouchard, and the Secretary of State, Jeffrey W. Bullock.

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