The arbitration of financial disputes: the commercial arbitration act 1985 (WA)

The Commercial Arbitration Act 1985 (WA) provides a rapid and cost effective method for the resolution of commercial disputes. Although essentially adversarial, the flexibility of the process allows the procedures to be modified to suit the particular dispute. The act states that the arbitrator is n...

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Main Author: Evans, Philip
Format: Journal Article
Published: School of Business Law, Curtin Business School, Curtin University of Technology 2009
Online Access:http://search.informit.com.au/fullText;dn=719928777841567;res=IELBUS
http://hdl.handle.net/20.500.11937/37561
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author Evans, Philip
author_facet Evans, Philip
author_sort Evans, Philip
building Curtin Institutional Repository
collection Online Access
description The Commercial Arbitration Act 1985 (WA) provides a rapid and cost effective method for the resolution of commercial disputes. Although essentially adversarial, the flexibility of the process allows the procedures to be modified to suit the particular dispute. The act states that the arbitrator is not bound by the rules of evidence, and pleadings normally required in litigation need not apply. At the same time there is certainty in the outcome in that there are limited grounds for the appeal of an arbitrator's determination. The ambit of an arbitrator's jurisdiction is relevant to the finance industry as it can extend to resolution of disputes arising from contractual breaches, negligence, trade practices and breaches of the consumer protection provisions of the Australian Securities and Investment Commission Act 2001 (Cth). Hearings are held in private and the specialist expertise of the arbitrator greatly assists in the speedy resolution of the dispute. This article discusses the provisions and application of the Commercial Arbitration Act to commercial disputes.
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spelling curtin-20.500.11937-375612017-01-30T14:04:26Z The arbitration of financial disputes: the commercial arbitration act 1985 (WA) Evans, Philip The Commercial Arbitration Act 1985 (WA) provides a rapid and cost effective method for the resolution of commercial disputes. Although essentially adversarial, the flexibility of the process allows the procedures to be modified to suit the particular dispute. The act states that the arbitrator is not bound by the rules of evidence, and pleadings normally required in litigation need not apply. At the same time there is certainty in the outcome in that there are limited grounds for the appeal of an arbitrator's determination. The ambit of an arbitrator's jurisdiction is relevant to the finance industry as it can extend to resolution of disputes arising from contractual breaches, negligence, trade practices and breaches of the consumer protection provisions of the Australian Securities and Investment Commission Act 2001 (Cth). Hearings are held in private and the specialist expertise of the arbitrator greatly assists in the speedy resolution of the dispute. This article discusses the provisions and application of the Commercial Arbitration Act to commercial disputes. 2009 Journal Article http://hdl.handle.net/20.500.11937/37561 http://search.informit.com.au/fullText;dn=719928777841567;res=IELBUS School of Business Law, Curtin Business School, Curtin University of Technology fulltext
spellingShingle Evans, Philip
The arbitration of financial disputes: the commercial arbitration act 1985 (WA)
title The arbitration of financial disputes: the commercial arbitration act 1985 (WA)
title_full The arbitration of financial disputes: the commercial arbitration act 1985 (WA)
title_fullStr The arbitration of financial disputes: the commercial arbitration act 1985 (WA)
title_full_unstemmed The arbitration of financial disputes: the commercial arbitration act 1985 (WA)
title_short The arbitration of financial disputes: the commercial arbitration act 1985 (WA)
title_sort arbitration of financial disputes: the commercial arbitration act 1985 (wa)
url http://search.informit.com.au/fullText;dn=719928777841567;res=IELBUS
http://hdl.handle.net/20.500.11937/37561