Menu X Menu
How may we help you?


Court of Chancery
Companies Served Since 1981

Court of Chancery

By Brett Melson Tuesday, April 20, 2010

Delaware has a unique court, the Court of Chancery, which is world-renowned for its jurisdiction in corporate matters. This court is a main reason for Delaware’s preeminence in the field of corporate law. Because of the speed and predictability that comes from experience, as well as a wealth of published judicial decisions, Delaware has emerged as the nation’s “corporate capital.”

Competition from other states is rising, however, as they observe the revenue produced for the state from its status as a top legal venue for corporate law. Over the decades, Delaware has carefully cultivated corporate statutes to make them more attractive to corporations than those of other states. In an effort to continue this, Delaware’s Court of Chancery has developed a system that could allow for binding arbitration. This will allow companies to present arguments privately to a judge from the court and get a decision in a timely manner, instead of the lengthy process of going to trial. The arbitration process is confidential and not available for public record; this is especially important when dealing with proprietary information such as technology and patents.

Eric Ruth of The News Journal writes, “Under the new rules, the rivals can choose to sit down privately with a judge from the court -- or, as they are called, a chancellor -- present their arguments, and let the arbitrator decide the outcome. The goal is to resolve the matter in 90 days -- Chancery Court cases have been known to last a year or two before even reaching trial.”

Delaware’s efforts to broaden the scope of Chancery Court and make the arbitration process confidential, timely, and affordable, will keep the state on the cutting edge as the nation’s “corporate capital.”

More By Brett Melson


Comment Facebook Twitter Google Reddit LinkedIn

Leave a Comment


* Required

Email Address:

* Required, will not be published

Website: Comment:  
Secure Connection
X Secure & Confidential

Your personal information is encrypted by Secure Sockets Layer (SSL) software so that it cannot be read as the information travels over the Internet.

X Our customers love us!
We have lots of great customer reviews.
Like our service? If you are one of our many satisfied customers, please let us know.
BBB A+ Rating
X A+ Rated BBB Accredited Business

Need more proof that we're the best? Check out our record!

100,000+ Companies Formed

Companies Formed Since 1981

Disclaimer: Harvard Business Services, Inc. is a document filing service that provides general information. We cannot render legal or financial advice and your use of this site is subject to additional terms and conditions. HBS is not affiliated with Harvard University.

© Copyright 1996-2017. All rights reserved.