Don’t rock the boat: The Law Commission's limited reforms to the Arbitration Act will go before Parliament
The King's Speech delivered on 7 November 2023 confirmed that the Arbitration Bill which implements recommendations from the Law Commission's Review of the Arbitration Act 1996 (the "Act") will go before Parliament.
The Arbitration Bill was included in the suite of new legislation aimed at growing the economy with the government's briefing note reading: "These new measures will bolster England, Wales and Northern Ireland's world-leading domestic and international arbitration sector with benefits for individuals and businesses seeking to resolve disputes, as well as boosting economic growth."1
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1 The King's Speech Background Briefing Note