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Web Course on Transport, Shipping and International Trade: “English Commercial Arbitration”

12/ 05/ 2020
  London has long gained a reputation as a convenient place for arbitration because of its reputation and the stability of the English legal system. Thus, the substantive rules of English trade law are most often used in concluding international trade contacts. So, at the 12th webinar of the Transport, Shipping and International Trade Web-Course, together with the speakers of the legal service Interlegal we talked about English commercial arbitration and its unconditional advantages and disadvantages, considered the main arbitration institutions of England, the arbitration agreement and its significance, disputes, arbitration clauses and many other practical issues. Among the obvious advantages of arbitration: the ability to choose arbitrators to consider the dispute (expertise); saving time; flexible procedure; confidentiality; no need to involve a lawyer or a lawyer in the process. Among the disadvantages: possible delays in submitting documents at the initial stage. Also, arbitration is very limited in securing the claim, and its decisions have legal force only for participants ofihis process. Moreover, today the unconditional trend remains the simplified arbitration procedures (Small Claims Procedure). This procedures will help to reduct the costs of the parties to the arbitration process. We thank the speakers for useful advices, and the participants for maximum involvement and interest in the given topic! Follow our announcements! And see you at the next webinars of the course!

London has long gained a reputation as a convenient place for arbitration because of its reputation and the stability of the English legal system. Thus, the substantive rules of English trade law are most often used in concluding international trade contacts.

So, at the 12th webinar of the Transport, Shipping and International Trade Web-Course, together with the speakers of the legal service “Interlegal” we talked about English commercial arbitration and its unconditional advantages and disadvantages, considered the main arbitration institutions of England, the arbitration agreement and its significance, disputes, arbitration clauses and many other practical issues. Among the obvious advantages of arbitration: the ability to choose arbitrators to consider the dispute (expertise); saving time; flexible procedure; confidentiality; no need to involve a lawyer or a lawyer in the process. Among the disadvantages: possible delays in submitting documents at the initial stage. Also, arbitration is very limited in securing the claim, and its decisions have legal force only for participants ofihis process. Moreover, today the unconditional trend remains the simplified arbitration procedures (Small Claims Procedure). This procedures will help to reduct the costs of the parties to the arbitration process.

We thank the speakers for useful advices, and the participants for maximum involvement and interest in the given topic! Follow our announcements! And see you at the next webinars of the course!

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