Homeโ€บBillsโ€บBill 205

๐Ÿ“œ Commercial Arbitration Bill 2011

Assented toLABill 20515 June 2011

The Commercial Arbitration Bill 2011 (WA) relates to the conduct of commercial arbitrations, repeals the Commercial Arbitration Act 1985, and aims to facilitate fair and final resolution of commercial disputes by impartial tribunals without unnecessary delay or expense.

Impact

Businesses and individuals involved in commercial disputes in Western Australia will be affected. It aims to provide a more efficient and cost-effective method of dispute resolution, potentially reducing legal costs and delays.

Key Changes

["Repeals the Commercial Arbitration Act 1985", "Adopts provisions of the UNCITRAL Model Law on International Commercial Arbitration for domestic commercial arbitrations", "Introduces provisions for consolidation of arbitral proceedings, disclosure of confidential information, and awarding of interest and costs"]

Parliamentary Progress

  1. LA IntroducedLA15 June 2011
  2. LA Second Reading MovedLA15 June 2011
  3. LA AmendedLA21 Sept 2011
  4. LA Second Reading AgreedLA21 Sept 2011
  5. LA Consideration in DetailLA21 Sept 2011
  6. LA Third ReadingLA22 Sept 2011
  7. LC Second Reading MovedLC8 Nov 2011
  8. LC Second Reading AgreedLC29 Nov 2011
  9. LC Third ReadingLC1 Dec 2011
  10. LC AmendedLC14 Aug 2012
  11. Royal Assent29 Aug 2012
Affected Sectors
financejusticeother

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