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What Is a Chancery Court?
The Delaware Court of Chancery is a non-jury trial court that serves as Delaware's court of original and exclusive equity jurisdiction, and adjudicates a wide variety of cases involving trusts, real property, guardianships, civil rights and commercial litigation.
The court was first established in 1792 and is based on the English model of a Chancery Court. In old English law the King was the final maker of laws, but the Chancellor would hear and decide cases where there was no existing law or legal remedy in place.
https://www.delawareinc.com/blog/what-is-the-delaware-court-of-chancery/