2011•Edinburgh University Press eBooksRequires access
Business
David Louis Cabrelli
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Abstract
This chapter focuses on the recently enacted Arbitration (Scotland) Act 2010 (‘the Act’) whose remit is to reform the main out-of-court mechanism for the resolution of commercial law disputes. The principal aim of the Act is particularly aspirational, namely to encourage the use of arbitration domestically and attract international arbitration business to Scotland. The Act was passed by the Scottish Parliament on 18 November 2009, received Royal Assent on 5 January 2010, and came into force on 7 June 2010.