Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

ARIAS (UK) Rules 2014: General procedure, case management, tribunal jurisdiction and powers, confidentiality, evidence, disclosure, hearings, interim measures and consolidation

Published by a LexisNexis Arbitration expert

Practice notes

Practice Note

This Practice Note outlines how disputes progress under the 3rd edition of the AIDA Reinsurance and Insurance and Arbitration Society (ARIAS) (UK) Rules (the ARIAS Rules), adopted in 2014. For a primer on ARIAS, see Practice Note: ARIAS (UK) Rules and Procedure. Unlike many other arbitral rule sets, there is no fixed procedural roadmap taking an ARIAS arbitration through to a hearing. Instead, the focus is on the parties agreeing their own procedure and timetable (ARIAS, rule 10.1 and Note to Rule 10) so that the dispute is resolved proportionately. Even where consensus is reached, the tribunal may displace any arrangement it believes would not allow the dispute to be determined in a proportionate way, without needless delay or cost (ARIAS, rule 10.1). In practice, an arbitral tribunal will generally attach significant weight to solutions the parties have themselves settled upon for any aspect of the claim’s progression, reflecting the contractual and consensual underpinnings of arbitration. Accordingly, while party agreement is encouraged, the tribunal treats proportionate resolution without undue delay or expense as its primary concern...

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Ralph Morley

7KBW

Ralph has a broad practice across all areas of commercial law, including insurance and reinsurance, international arbitration, Admiralty and shipping, commercial disputes and professional negligence. In the insurance sector, Ralph has developed particular experience in property damage (including marine and non-marine risks) and business interruption policies, Bermuda Form mass tort liability insurance and political risk, acting for both policyholders and insurers. Ralph is ranked by the legal directories in insurance, commercial dispute resolution, shipping and professional negligence....

Web page updated on 21/05/2026

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