The following Arbitration guidance note Produced in partnership with Ralph Morley of 7 King’s Bench Walk provides comprehensive and up to date legal information covering:
This Practice Note provides guidance on the third edition of the ARIAS (UK) Rules adopted in 2014 (the ARIAS Rules).
For guidance on adopting the ARIAS Fast Track Arbitration Rules, see Practice Note: ARIAS Fast Track Rules (AFTAR) 2013.
The AIDA Reinsurance and Insurance and Arbitration Society of the UK (ARIAS (UK)) was established in 1991 as a Centrally Affiliated Chapter of AIDA, the Association Internationale de Droit des Assurances, an international society dedicated to promoting the study and knowledge of insurance law (click here for the ARIAS (UK) website).
ARIAS was established against a background of increasing numbers of insurance and reinsurance disputes to promote ways of resolving those disputes which were responsive to market needs, principally through arbitration.
ARIAS is not an institution. Unlike, for example, arbitral institutions such as the LCIA, does not have a secretariat, and its role in arbitrations conducted under its rules is limited to the appointment of arbitrators and fee adjudicators. Being ad hoc, the control of arbitrations under its rules therefore lies entirely with the parties and the arbitrators.
The principal functions of ARIAS are:
developing and promoting arbitration rules geared to resolving insurance disputes (see also Practice Note: ARIAS Fast Track Rules (AFTAR) 2013), as well as precedent clauses to incorporate them into contracts
appointing arbitrators and fee
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