PRACTICE NOTES
Challenges and appeals for error of law against arbitral awards to the court under sections 67, 68 and 69 of the Arbitration Act 1996 (AA 1996)
Such proceedings can markedly slow down enforcement and, at times, jeopardise an award creditor’s prospects of recovering on the award, by prolonging the process and creating hurdles to collection. Indeed, some losing parties may invoke AA 1996, ss 67–69 precisely to achieve that outcome. Such tactics obstruct swift realisation of the award and delay payment. Accordingly, the English and Welsh court’s ability to require security equal to the award (AA 1996, s 70(7)) and security for costs (AA 1996, s 70(6)) for any challenge or appeal are vital measures every respondent ought to evaluate. When used in the right circumstances, the s 70 security regime can spare parties significant time and expense. This Practice Note addresses the English
Arbitration