510. Principles of arbitration.

The provisions of Part I of the Arbitration Act 19961 are founded on the following principles and must be construed accordingly2:

  1.  

    (1)     the object of arbitration is to obtain the fair resolution of disputes3 by an impartial tribunal4 without unnecessary delay or expense5;

  2.  

    (2)     the parties6 should be free to agree how their disputes are resolved, subject only to such safeguards as are necessary in the public interest7; and

  3.  

    (3)     in matters governed by the provisions of Part I of the Arbitration Act 1996 the court8 should not intervene except as provided by those provisions9.

The provisions of Part I