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Committee29 May 2024

Arbitration Bill - New Rules for Private Dispute Resolution

Arbitration Bill [HL]

justiceeconomy
First Reading
Second Reading
Committee
Report
Third Reading
Lords
Royal Assent

Summary

This bill updates the rules for arbitration in England, Wales and Northern Ireland. Arbitration is when people or businesses choose a private person (called an arbitrator) to settle their disagreement instead of going to court. The bill makes changes to how arbitrators are chosen, how they make decisions, and what happens if someone disagrees with the result. It also updates rules about when arbitration must happen and when people can appeal to regular courts. The government says these changes will make arbitration faster and clearer for users. Legal professionals say some changes could make it harder to challenge unfair decisions. The bill affects businesses, individuals and legal professionals who use arbitration services.

Key Points

  • 1Updates arbitration rules for England, Wales and Northern Ireland
  • 2Changes how arbitrators are selected and make decisions
  • 3Alters rules about when arbitration agreements must be followed
  • 4Modifies when people can appeal arbitration decisions to courts
  • 5Affects businesses and individuals who choose private dispute resolution

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Read the full bill on legislation.gov.uk