Delaware Court of Chancery, left, on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons Chancery Confirms Arbitration Award Resulting in Negative Purchase Price
As the Delaware Chancery Court's recent decision in SM Buyer v. RMP Seller Holdings demonstrates, the deference afforded to an arbitrator may result in decisions with which a reviewing court may disagree but that the court is nonetheless bound to confirm.
July 17, 2024 at 09:00 AM
6 minute read
Parties to a transaction agreement often include a provision requiring the parties to arbitrate any disputes arising from the agreement. Such provisions are included because arbitration generally resolves disputes quicker and cheaper than litigating disputes before a court. Moreover, arbitration affords the parties greater privacy. As the Delaware Chancery Court's recent decision in SM Buyer v. RMP Seller Holdings, C.A. No. 2023-0957-JTL (Del. Ch. Feb. 28, 2024, judgment entered Mar. 17, 2024) demonstrates, the deference afforded to an arbitrator may result in decisions with which a reviewing court may disagree but that the court is nonetheless bound to confirm.
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