The Arbitration Act 2010 (the 'Act') came into effect on
8 June last year. It applies to all arbitrations beginning on or
after that date. Ronan McGoldrick outlines the Act's key
features. The Act replaces the Arbitration Acts 1954 to 1998 and
adopts the United Nations Commission on International Trade Law
(UNCITRAL) Model Law on International Commercial Arbitration. The
UNCITRAL Model Law represents a global consensus on principles to
be applied in respect of international arbitration.
While the Act applies to both international and domestic
arbitration agreements it will be of particular benefit to parties
involved in international arbitration and one of the primary goals
of the legislation was to make Ireland a more attractive
jurisdiction for parties seeking a location in which to arbitrate
their dispute. Some of the more interesting features of the Act
are:
