Secret Delaware Arbitration Procedure Overturned

A federal judge struck down a Delaware procedure that allows judges of one of the country's most powerful corporate tribunals to decide some cases in secret.

Delaware's Court of Chancery two years ago began a program in which sitting judges can arbitrate business disputes behind closed doors, with no public record of the proceedings.

But U.S. District Judge Mary A. McLaughlin ruled Thursday that the so-called judicial-arbitration procedure is the equivalent of a civil trial, meaning the public is entitled to have access to the proceedings under the First Amendment.

http://online.wsj.com/article/SB10000872396390444914904577621712642762428.html?mod=WSJ_article_MoreIn_Business

Secret Delaware Arbitration Procedure Overturned

Secret Delaware Arbitration Procedure Overturned

Anarcho-Capitalist Categorical Imperatives

Via AnCaps: Law & Enforced Unnatural Order