On 14 July 2023, the English High Court denied the enforcement of an arbitral award (“Final Award”) rendered under the Judicial Arbitration and Mediation Services (“JAMS”) Arbitration Rules in San Francisco, California. The presiding judge, Mr Justice Bright, held that the Final Award was contrary to UK public policy as outlined under the Consumer Rights Act 2015 (“CRA”) and the Financial Services and Markets Act 2000 (“FSMA”). Factual Background The underlying dispute was between three…
What constitutes a material adverse change or a material impact on the profitability of a target company? In…
On 28 September 2022, the French Cour de Cassation rendered an important and awaited decision for the international…
A. LEGISLATION AND RULES A.1 Legislation In September 2022, the Law Commission published its long awaited Consultation Paper containing provisional law reform proposals aimed at ensuring the Arbitration Act 1996 (“Act”) remains “state of the art.” The Consultation Paper reports that the view from stakeholders is that the Act “works well” and that “root and branch reform is not needed or wanted.”[1] However, it proposes a number of amendments to the Act, the most noteworthy…
Earlier this year, the English Court of Appeal in Lifestyle Equities CV and another v Hornby Street (MCR)…
No training programme for first year arbitration associates is complete without an exploration of the advantages of arbitration…
A. LEGISLATION AND RULES A.1 Legislation On 30 November 2021, the Law Commission announced that it will be conducting a review of the Arbitration Act 1996 (“Act”), which governs international arbitration in England and Wales.[1] The purpose of the Law Commission’s review is to ensure that the Act is “as clear, modern and efficient as possible,” in order to preserve the long-standing attractiveness of England and Wales as a forum for dispute resolution and the…
The LCIA’s 2020 Casework Report reveals that the London arbitration market is busier than ever, at least in…
All well that ends well? After more than four years since the Brexit vote and just one week…
UNITED KINGDOM Judith Mulholland, Anna Storer and Joanna Lees A. LEGISLATION AND RULES A.1      Legislation International arbitration in England and Wales[1] continues to be governed by the Arbitration Act 1996 (“Arbitration Act”). There have been no amendments to the Arbitration Act since those amendments made to reflect the consequential references to the Consumer Rights Act 2015. Discussions around potential reform of the Arbitration Act continue, however to date no suggested amendments to the Arbitration Act…