Do stats reveal abuse of the right to challenge an arbitral award for serious irregularity?
The accusation: that section 68 of the Arbitration Act 1996 (which allows challenges to arbitral awards for serious irregularity) is relied on frequently and frivolously by parties wanting to frustrate an award as long as possible, having ‘lost’ the arbitration. Do the 2012 statistics of challenges to arbitral awards in the English courts negate or support this accusation?
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Analysis from The Lawyer
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.
The culture of compliance that pervaded regulation in the past is giving way to a fresh principles-based approach