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The 1996 act only applies to parts of the United Kingdom. [4] In Scotland, the Arbitration (Scotland) Act 2010 [5] provides a modern statutory framework for domestic and international arbitration. In 2024, a bill to amended the act was introduced to the Lords, although as of November 2024 it has not progressed beyond second reading. [6]
The Arbitration and Conciliation Act, 1996 has been enacted to accommodate the harmonization mandates of UNCITRAL Model. To streamline the Indian legal system, the traditional civil law known as Code of Civil Procedure, (CPC) 1908 has also been amended, and Section 89 has been introduced. Section 89(1) of CPC provides an option for the ...
The Arbitration Act 1950 (14 Geo. 6.c. 27) was an Act of the Parliament of the United Kingdom that consolidated and amended arbitration law in England and Wales.. Although the Act has now largely been superseded by the Arbitration Act 1996, Part II of the Act (dealing with the enforcement of non-New York Convention awards) remains in force. [1]
The Arbitration Act 1996 is an Act of Parliament in New Zealand. It implemented recommendations of the Law Commission, [1] including the adoption of the UNCITRAL Model Law on International Commercial Arbitration. [2] It came into force on 1 July 1997, and replaced the Arbitration Act 1908.
Ex aequo et bono (Latin for "according to the right and good" or "from equity and conscience") is a Latin phrase that is used as a legal term of art.In the context of arbitration, it refers to the power of arbitrators to dispense with application of the law, if appropriate, and decide solely on what they consider to be fair and equitable in the case at hand. [1]
Through the amendment, a proviso to Section 2(2) has been added which envisages that subject to the agreement to the contrary, Section 9 (interim measures), Section 27(taking of evidence), and Section 37(1)(a), 37(3) shall also apply to international commercial arbitration, even if the seat of arbitration is outside India, meaning thereby that ...
Arbitration is particularly popular as a means of dispute resolution in the commercial sphere (for a summary of the various arenas in which arbitration is usually chosen, see the specific article on "arbitration"). One of the reasons for doing so is that, in international trade, it is often easier to enforce an arbitration award in a foreign ...
This file is licensed under the United Kingdom Open Government Licence v3.0.: You are free to: copy, publish, distribute and transmit the Information; adapt the Information; ...