The Law Commission/Arbitration Act - Update

[Commodity Arbitration Club]

Dear Colleagues

We have received the following from Mr Nathan Tamblyn:

The Law Commission has concluded its review of the Arbitration Act 1996 and is pleased to announce the publication of its final report and draft Bill. This is accompanied by a summary of the final report. We have also published the consultation responses to both consultation papers. All these documents can be found on our project webpage. It is now for Government to decide whether to accept our recommendations.

 

Professor Sarah Green, Law Commissioner for Commercial and Common Law said: 

 

“Our recommendations for reform aim to maintain the core principles of the Arbitration Act 1996 while introducing improvements to create further clarity, ensuring the fair and efficient resolution of disputes. With these improvements, we hope that the Act provides a modern and effective legislative framework for many years to come, enabling arbitration to continue playing a significant role in the UK economy. The Arbitration Act 1996 has played a key role in securing the UK’s world leading reputation for arbitration and our reforms will build on this.”

 

Justice Minister, Lord Bellamy said:

“Arbitration is a vital measure to help people and businesses resolve disputes swiftly and effectively, without the expense of going through court proceedings. This process must be underpinned by effective laws, and we will respond to the Law Commission’s report shortly so we can maintain the UK’s reputation as a world leader in resolving legal disputes.”

The Project Webpage link is: https://www.lawcom.gov.uk/project/review-of-the-arbitration-act-1996/

Regards

Philip Noyce

Hon.Sec.