Delaware Court of Chancery. Courtesy photo Chancery Opinion: Dispute Over Agreement's Contingent Payment Falls to Arbitrator
The Chancery Court said it could not decide a matter of procedural arbitrability—which has to be determined by an arbitrator—not one of substantive arbitrability.
June 25, 2021 at 03:33 PM
2 minute read
One investment company can proceed with most of its counterclaims against another for a dispute in a biomedical securities transaction, the Court of Chancery ruled Thursday.
But Judge Paul R. Wallace wrote for the Court of Chancery that the tribunal lacks jurisdiction over one breach-of-contract claim brought by Casla Bio Holdings and Casla Bio GP LLC against CLP Toxicology Inc. because it involved what financial information should be considered when calculating a contingent payment.
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