Attorneys are continuing to market the Delaware Rapid Arbitration Act as a new option for settling disputes quickly and discreetly, even as the system has failed to generate any filings in its first year.
A court administrator last week confirmed that no litigants have availed themselves of the DRAA since it went into effect last May. But Gregory V. Varallo, executive vice president of Richards, Layton & Finger who was instrumental in crafting the program, said the slow takeoff is to be expected, as companies learn about the system and incorporate provisions into agreements allowing for its use.
