The Arbitration Bill is currently going through Parliament. Writing in this week’s NLJ, Anna Riquetti, associate, Tom Scanlon, trainee solicitor, & Shai Wade, head of international arbitration, all RPC, analyse proposed amendments made by the Bill & make the case for a full replacement of the Arbitration Act
The arrival of the Bill 25 years after the current Arbitration Act 1996 follows recommendations made by the Law Commission. The authors look in detail at the proposal that, in certain circumstances, ‘the tribunal may render an award on a claim, defence or issue on a summary basis if it has “no real prospect of success”’. They highlight various problems that could arise.
They write: ‘If summary award procedures become too complex, they lose the advantage of speed and economy.’
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