Delaware Court of Chancery Chancellor Leo E. Strine Jr. vigorously defended the Chancery Court’s confidential arbitration program last week during his confirmation hearing to become the state’s next Supreme Court chief justice. Strine, who was unanimously confirmed by the state Senate after the hearing, said that the program was important to keep Delaware competitive with other nations in resolving business disputes and did not deprive individuals from accessing information about companies.
The confidential arbitration program was created in both the Chancery and Superior courts through a 2009 statute passed by the Delaware General Assembly. Strine said the program kept Delaware attractive to companies that were considering incorporating in Asian and Latin American jurisdictions that offer confidential arbitration.
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