An insurer's recent attempt to escape from an unfavorable arbitration award resulted in the Court of Appeal confirming that an award rendered under the 1996 Arbitration Act can only be challenged under that Act - even where the parties agreed to apply the substantive law of another jurisdiction.
October 22, 2008 at 09:00 PM
1 minute read
The original version of this story was published on Legalweek
Court of Appeal precludes escape from the 1996 Arbitration Act for unsuccessful parties
An insurer’s recent attempt to escape from an unfavorable arbitration award resulted in the Court of Appeal confirming that an award rendered under the 1996 Arbitration Act can only be challenged under that Act – even where the parties agreed to apply the substantive law of another jurisdiction.
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