A review of the Arbitration Act 2010August 2010
Arbitration is being employed more and more frequently in Ireland particularly in insurance, construction and property disputes. It is perceived to have a number of potential advantages over Court proceedings including being more cost effective, flexible, speedier and confidential.
The recent introduction in Ireland of the Arbitration Act 2010 (“2010 Act”) is expected to harmonise existing Irish Arbitration rules and procedures with international standards by adopting the text of the Uncitral Model Law on International Commercial Arbitration (“Model Law”) into Irish law. There are a number of new measures introduced which are anticipated will aid the efficient conduct of arbitral proceedings.
Tara Cosgrove and Fiona Kearns review the general procedure followed from commencement to conclusion of arbitral proceedings and highlight the new changes brought in by the 2010 Act.
Location: IrelandDownload PDF