Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Rules definition

What does Rules mean? Rules describes the written provisions that govern how a pension scheme operates—especially occupational pension schemes—usually contained in, or annexed to, the trust deed (trust deed and rules). Legislation refers to these as scheme rules (for example, Pensions Act 1995 and Pensions Act 2004 in the UK, and the Pensions Act 1990 in Ireland). Scheme rules set out eligibility, benefit structure (defined benefit or defined contribution), contributions, service and accrual, retirement options and ages, revaluation/indexation, ill‑health and death benefits, transfers in and out, leaver provisions, forfeiture, augmentation, priority on winding‑up, discretions and decision‑making, and the scheme’s amendment and termination powers. They also...

Arbitral awards under ARIAS (UK) Rules 2014: requirements, governing law, monetary/declaratory relief, partial awards, interest, costs, arbitrators’ fees adjudication, corrections/additional awards and appeals

Published by a LexisNexis Arbitration expert

Practice notes

This Practice Note outlines how a dispute progresses under the third edition of the ARIAS (UK) Rules, adopted in 2014 (the ARIAS Rules). For an introduction to ARIAS, see Practice Note: Arbitration under the ARIAS (UK) Rules 2014.

Formal Requirements

Under ARIAS Rule 17, an award must:

be set out in writing (ARIAS, rule 17.2)
be in the primary language of the arbitration (ARIAS, rule 17.2)
state the seat of the arbitration (ARIAS, rule 17.2)
state the date of the award (ARIAS, rule 17.2)
give reasons (unless the parties agree otherwise, or the tribunal issues a consent award at the parties’ request) (ARIAS, rule 17.10)
be signed by the sole arbitrator, the umpire, or two of the three arbitrators, as appropriate (ARIAS, rule 17.3)

The ARIAS Rules do not prescribe a time frame for when the award must be published...

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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....

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