The UK Arbitration Bill : what do you need to know?
Abstract
On 18 July 2024, the Arbitration Bill was introduced in the House of Lords. The aim of the Bill is to update the current arbitral framework, the Arbitration Act 1996 (“Act”), to enable more efficient dispute resolution, attract international legal business, and promote UK economic growth. The draft Bill follows recommendations from the Law Commission, following two public consultations involving 118 arbitration practitioners, including the ICC International Court of Arbitration (“ICC”) and ICC United Kingdom, lending their diverse experiences and knowledge to the Law Commission’s endeavours.
Copyright & permissions
