Arbitration is an alternative to Court proceedings but is a legal process and results in a binding and enforceable award.  It is a contractual mechanism and so the parties must enter into an arbitration agreement.  This is usually done within a contract or as part of terms and conditions.  However, parties can agree to refer an existing dispute to arbitration even if there is no provision to that effect.

Although it is not necessary to do so, parties often agree to refer disputes to arbitration in accordance with the rules of a specific arbitration institution such as the International Chamber of Commerce or London Court of International Arbitration.

There are various advantages in using arbitration for resolving business disputes.  Key benefits are speed and confidentiality.  The process is more flexible than Court proceedings and less formal and so can result in considerable savings in costs.   The right of appeal is very limited. Small disputes can be dealt with on paper without a hearing.

Arbitration is of particular importance for companies and businesses who have a contractual relationship with clients, customers, suppliers and parties who are based in other jurisdictions.  Specific benefits include:-

  • A request for arbitration can be drafted and served quickly and easily.  By contrast, where Court proceedings are being brought in England and Wales against an overseas party it is often necessary to apply to Court for permission to issue and serve proceedings out of the jurisdiction.
  • The parties can specify in advance how many arbitrators there should be (usually 1 or 3) the place of the arbitration and the language of the proceedings.
  • There are rules which are aimed at ensuring the independence of the Tribunal hearing the dispute which may not be guaranteed in Court proceedings in some countries.
  • Under the New York Convention 1958, the Courts of all countries who are signatories are required to enforce international arbitration awards.  Virtually every country in the world is a signatory to the Convention.

Arbitration post-Brexit

There are currently regulations in place that govern disputes that arise between parties who are based in different EU member states.  However, it is not clear whether those regulations will continue to operate post-Brexit.

How Gorvins can help

Gorvins are able to advise you as to the most appropriate dispute resolution mechanism to be included in your Terms and Conditions or in a specific contract.  A simple clause can reduce the risk of having to waste significant time and money seeking the resolution of a dispute and give you greater certainty as to the ability to enforce an award in your favour.

Where a dispute does arise we have the necessary skills and expertise to ensure the best possible outcome for you.

To speak to our arbitration solicitors, call 0161 930 5151, e-mail or complete our online contact form.

Meet the Commercial Litigation team

Find out why our clients recommend us

  • Mark is very client focused and able to deliver a very high level of service... ...Legal 500

  • Mark is a very astute litigator. Able to immediately understand industry... ...Mark Bowker, Valour Finance Group

  • Michael is practical, thorough and very much focused on the right result for... ...Jonathan Smith, Kingsley Group

  • Michael is approachable, very efficient, with a very good understanding... ...Carol Roberts, Bibby Leasing

  • Michael Morris is highly regarded for his work involving finance and... ...Legal 500

  • I have always found Guy’s work to be of the highest quality. His approach... ...Paul Harrison, Financial Director, Melba Swintex Group

  • I’ve worked with Mark for a number of years and he has always proved to... ...Cathy Wood, Vernon Building Society

  • Mark has provided expert advice to us on a number of matters mostly... ...Jim Smith, Director of Rosehill Furniture Group

  • We have worked with Gorvins debt team now for many years and believe... ...Hans Billman, General Manager, Thorne Credit Union Ltd

  • Having worked with Sunita for almost 10 years I have always found her... ... Mark Pepper, Financial Director, Longfield Chemicals Ltd.

Read Full Testimonial

Let our legal experts contact you

Latest News

Leaseholders Stung with Increased Service Charges

Homeowners in fire risk buildings are being expected to pay for upgrades through service charges

Read article

Latest Blog Posts

What happens when you sign a corporate contract without authorisation?

What happens when you sign a corporate contract without authorisation?

Read article
Contact us today!