Law Society comment on Arbitration Act

The Law Society of England and Wales welcomes the Arbitration Act coming into effect. Our comment below –

Law Society president Richard Atkinson said: “International arbitration is a fiercely and increasingly competitive field where English and Welsh law continues to dominate governing roughly 40% of global corporate arbitrations. As the market evolves, it is imperative that the government maintains our jurisdiction's competitive edge and capitalises on the economic value of our legal system. 

“The Act reinforces the Trade Strategy's ambition to make the UK the most connected nation in the world and ensures that UK legal services continue to thrive. 

“We welcome the government's commitments to prioritising technological innovation and we are eager to participate in conversations to continue to protect and uphold the reputation of English and Welsh law as a global leader.”