find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Updated ACICA rules reflect international developments

Updated ACICA rules reflect international developments

The Australian Centre for International Commercial Arbitration (ACICA) has brought its rules up-to-date in a bid to position Australia as an arbitration hub.

After an extensive review and consultation process, the new ACICA Arbitration Rules and Expedited Arbitration Rules have been approved by the board.

This is the third time in the last 10 years that the rules have been changed. The new rules, which were announced last week, will come into effect on 1 January 2016.

“It's an exciting time for arbitration in Australia,” said ACICA president Alex Baykitch. “There is some real momentum building."

The rule changes are intended to make arbitration more cost-effective and efficient for users, according to Mr Baykitch.

“The rules are constantly being revised and amended to take into account problems that might arise or ideas that people have that might further improve the process,” he said.

“I don't think ACICA is unique in this regard. The Singaporeans are conducting a similar review of their rules at the moment."

Malcolm Holmes QC, ACICA director and chair of the ACICA Rules Committee, said the new rules take into account changes in arbitration around the world.

“[We] had the benefit of being able to draw on the wide international arbitration experience […] in preparing the new rules,” he said.

ACICA secretary general Deborah Tomkinson said the new rules make procedures more appropriate for users, but also “take into account all the changes that are happening internationally to ensure that we continue to provide for best practice”.

Significant changes in the rules are in the areas of expedited procedure, conduct of legal representation, law of arbitration agreement, joinder and consolidation and the overriding objective.

Pictured: (L - R) Deborah Tomkinso; Malcolm Holmes QC; Professor Luke Nottage; Alex Baykitch.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Updated ACICA rules reflect international developments
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...