Arbitration is a process where, by agreement, the parties to a dispute have the
matter settled by the decision of one or more independent persons. This
agreement may be entered into after the dispute has arisen or it may be
expressly provided for within a contract. Arbitration is a private procedure
with only the parties to the arbitration agreement and their representatives
attending any arbitration meeting or hearing. Arbitration has the force of law
and generally the arbitrator's decision, called an Award, is final and binding
and can be enforced in court.
It is
normal
for an
arbitrator
to be
appointed
for his
specialist
technical
knowledge
and
experience
of the
matters
in
dispute
e.g. a
Lawyer,
Engineer,
Architect
or
Quantity
Surveyor.
On the 31 January 1997 Parliament enacted the Arbitration Act 1996. The
Arbitration Act is generally recognised as being a masterpiece of legislation
being founded on three principles, namely, (i) the fair resolution of disputes
by an impartial tribunal without unnecessary delay and expense (ii) the parties
being
free to
agree
how
their disputes are resolved, subject only to such
safeguards as are necessary in the public interest and (iii) the court should
not intervene unless provided by the Act. To facilitate this objective the Act
provides mandatory and non-mandatory provisions.
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The Act is also written in such a way to attract parties across the world to
bring their disputes for resolution by arbitration in England including
provisions for the recognition and enforcement of certain foreign awards
in court.
Since the advent of statutory adjudication, by way of Section 108 of Part II of
the Housing Grants, Construction and Regeneration Act 1996
(as
amended), and the imposing
timescale for the adjudicator to reach an interim and binding decision within
28 days of the referral, arbitrators are now adopting some of those
techniques to reduce both time and cost in an
arbitration. Parties themselves have also realised, with the Arbitration Act
1996 providing party autonomy, that they can
also
influence
the
procedure
to
reduce
time and
cost.
The aim
is to
make
arbitration
more
speedy
and cost
effective.
Nigel is
a
practicing
Barrister,
Chartered
Quantity
Surveyor,
Chartered
Arbitrator
& Panel
Registered
Adjudicator
and is
available
to
receive
appointments
to act
as
arbitrator
or to
provide
advice
and/or
representation
to
party’s4
contemplating
or
involved
in
arbitration.
For more
details,
please go to
my
Curriculum
Vitae
page.
4
Nigel is
practising
Barrister at
3PB
Barristers
and must
comply with
the relevant
parts of the
Bar
Standards
Board
Handbook
which
includes the
Code of
Conduct for
barristers.
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