10 reasons to arbitrate
ARBITRATION has been developed in England and Wales specifically for use in settling commercial disputes. The process of the arbitration is governed by the Arbitration Act 1996, which lays claim to being legislation drafted for a commercial application and which tries to avoid unnecessary legal terminology.
Its first clause clearly sets out its intention: “The object of arbitration is to obtain the fair resolution of disputes without unnecessary delay or expense.” It can be used in connection with any dispute where there exists a written agreement to take any matters not resolved to arbitration.
