Dispute resolution – Modernising the framework

The new Arbitration Bill could benefit businesses and individuals around the world who look to the UK as the best place to resolve disputes from family law and rent reviews to international commercial contracts and claims by foreign investors made against entire countries.  

Modernising the framework for arbitration in this country for the first time in 26 years – making it quicker, cheaper, and more efficient –could cement the position of this high-value sector in the face of growing competition from other centres such as Singapore and Paris. 

With arbitrations in England and Wales worth £2.5 billion to the British economy each year in fees alone, the Bill should help the UK’s world-leading legal services sector to continue to flourish. 

See: Modernised laws to secure UK as world leader in dispute resolution – GOV.UK (www.gov.uk)