You have 0 free articles left this month.
The Bar

Revised arbitration rules to come into effect from 1 January 2020

Resolution Institute has released the Resolution Institute Arbitration Rules 2020, which includes updated provisions regarding single arbitrators and when they can operate.

December 31, 2019 • By Emma Musgrave
Share this article on:
Facebook X LinkedIn
Revised arbitration rules to come into effect
expand image

The new rules, which will come into effect on 1 January 2020, will apply to any contract which references Resolution Institute or IAMA rules from that date onwards.

 
 

This content is available exclusively to Lawyers Weekly premium members.
“The rules include updated provisions regarding single arbitrators and when they can operate, the commercial relationship between the arbitrator and the parties, and the manner in which the bringing together of subsequent disputes referred to arbitration between the same parties and under the same contract will be dealt with,” a statement from Resolution Institute explained.

“Highlights include no longer limiting recoverable legal fees, arbitrator’s fees or procedures based on the amount being disputed, unequivocally stating that all disputes under one contract can be placed before the same arbitrator and ensuring the maximum flexibility for both parties and the mediator.

“They also provide a straightforward appointment and negotiation process.”

Speaking on the release, Amber Williams, Resolution Institute CEO, said, “I am delighted that the release of the Arbitration Rules 2020 has been one of my first important projects as CEO”.

“I would like to thank all Resolution Institute arbitrators who have contributed to the drafting of these rules, in particular, Toby Shnookal QC and Dr Richard Manly QC for their invaluable efforts in co-ordinating the revision process,” she added.

Resolution Institute board member, Mr Shnookal, who was actively involved in the revision process, offered a similar sentiment.

“The Resolution Institute Arbitration Rules 2020 will provide a sound base for the newer practices and processes adopted by arbitrators,” he said.

Discover logo VIEW ALL

“I would encourage all arbitration practitioners including Resolution Institute arbitrators to become familiar with the revised rules.”

Want to see more stories from trusted news sources?
Make Lawyers Weekly a preferred news source on Google.
Click here to add Lawyers Weekly as a preferred news source.

Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Know More
Tags