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ARTICLE · 25 JULY 2024

The Arbitration Bill Revived: A Boost For London As The Leading Hub For International Arbitration

Memery Crystal
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The UK is reviving the Arbitration Bill, aiming to modernize the 1996 Arbitration Act. Key reforms include summary disposal powers, enhanced duty of disclosure, expanded arbitrator immunity, clarification of governing law, and support for emergency arbitrators. These changes are expected to solidify London's status as a global arbitration hub.

United KingdomLitigation, Mediation & Arbitration
Danielle Carr
Danielle Carr
Tracy Tsao
Tracy Tsao
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A new Arbitration Bill is back on the agenda, following the King's Speech on 17 July 2024 which detailed the new Labour government's legislative programme.

The Arbitration Bill is not new, but its revival is encouraging, and expected to be embraced by the arbitration community and practitioners. In September 2023, the Law Commission published final recommendations for reform following its review of the Arbitration Act 1996 (the "Act"). The Arbitration Bill, proposed by the previous Conservative government (but not passed before parliament dissolved in the lead up to the July 2024 election), is now firmly back on the table.

It is anticipated the reforms will bolster the country's position as a premier international hub for dispute resolution, and support growth in a sector the Law Commission estimates to be worth at least £2.5 billion to the economy in arbitration and legal fees. The reintroduction of the Arbitration Bill provides an opportunity to cement London's

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