Laytons LLP is pleased to announce the recent appointment of Laytons Disputes Partner John Abbott as a Fellow of the Institute of Chartered Arbitrators.

The recently launched Legal 500 and Chambers & Partners legal directories have recognised Laytons LLP for a number of key services across London, Manchester and Guildford including Corporate & Commercial, Dispute Resolution, Commercial Property, Family and Property Litigation services.

The Disputes Team at Laytons is pleased to announce the successful outcome to an arbitration for a European client against a major steel producer.

Successful challenges to arbitral awards are rare. The case of K -v- A [2019] EWHC 1118 (Comm) is one of those highly rare cases where a Gafta Award was subject to a successful challenge.

Arbitration has many advantages over litigation, but one of the fundamental tenets behind arbitration, is the provision of a relatively inexpensive and quick means of resolving commercial and trade disputes.

One of the primary advantages of arbitration is the relative ease of enforcement of arbitral awards in states which are signatories to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958.

Finality is one of the key selling points of arbitration. Consequently, challenging an award before the English court is far from easy. There are obstacles in the path of any challenge or appeal and the available grounds are limited and closely scrutinised.

When a dispute arises which must, under the terms of an arbitration agreement, be referred to arbitration, the need might arise for urgent interim measures to protect a party’s position pending the outcome of the arbitration.

When a dispute arises which must, under the terms of an arbitration agreement, be referred to arbitration, the first step will be for the parties to appoint the tribunal. Finding the right arbitrators and ensuring that the relevant contractual, statutory or institutional requirements are complied with is vital.

Until a notice of commencement has been served, the arbitration process will not have commenced. It is not possible to start arbitration without first giving a Notice of Arbitration to all of the parties to the arbitration.

Quite simply and obviously, arbitration is an agreement between two or more parties to have their disputes resolved by arbitration.

The collapse of Carillion will cause a great deal of disruption and financial uncertainty.  Those unfortunate enough to be affected by these events will require swift expert advice.