The Delaware Rapid Arbitration Act: 5 Considerations for a Practitioner
August 7, 2015
In response to the request by Delaware’s corporate citizenry for a modern and useful arbitration statute, in April 2015, Delaware Governor Jack Markell signed into law a new and modern approach to the arbitration process: the Delaware Rapid Arbitration Act (the “DRAA”). The DRAA returns arbitration to its long-lost roots: speedy, efficient and binding resolution of disputes, stripping away the various mechanics of delay that have built up over the last 50 years of practice. The DRAA is the product of the collaboration of arbitration practitioners from Delaware, New York, Washington and abroad, led by Delaware’s Chief Justice, Leo E. Strine, Jr., Delaware’s Chancellor, Andre G. Bouchard and Delaware’s Secretary of State, Jeffrey Bullock.