What is a stay of arbitration?

A stay of arbitration is a legal process in Delaware that allows one or both parties in an arbitration hearing to temporarily suspend the proceedings. It is usually requested when one or both parties want to postpone or delay the arbitration for a given period of time. This may be due to a variety of reasons, such as a court case in progress or the need to gather more information or evidence before the arbitration can continue. When a stay of arbitration is requested, the court must decide if it is an appropriate action based on the circumstances of the case. If the court rules in favor of the stay, they will issue an order suspending all related arbitration proceedings until the stay is vacated. This order will usually include a timeline for the stay period, so that the parties involved know when the stay will expire. Once the stay period expires, the parties involved can either continue the arbitration proceedings as scheduled or agree to withdraw the stay in agreement. In some cases, the stay may be extended if the parties can come to an agreement on the terms of the stay. Stays of arbitration are only temporary, and the court will eventually decide whether the arbitration can resume or must be discontinued.

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What is a stay of arbitration?

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