Tuesday, August 7, 2007

Arbitration Law in England and applicability in Sri Lanka in terms ...

England as a major trading nation developed arbitration law since mid 1880 in order to meet the needs of the commercial men.

International trade was the lifeblood of many industries and the problems with the enforcement of judgements abroad and the problems with the conflict of laws arising from private international law led to sophisticated developments in arbitration law.

Dispute resolution by way of arbitration in England has existed for as long as the common law was in practice. It is only recently that there has developed a distinct branch of jurisprudence termed arbitration law.

Arbitration is a consensual process. It is possible to go through the process of arbitration without interference from the court system. But it is safer to get court involved for easy implementation of the decisions arrived by the arbitration tribunal.

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